Don’t read Bernanke’s comments like it’s a speech

Headlines are crossing like:

• Bernanke says unemployment remains ‘quite high’
• Bernanke says improvement in jobless rate ‘very slow’
• Housing prevents ‘more robust recovery’
• Recovery ‘slower than we would have hoped’

There’s a danger in reading the comments as if he is trying to send a signal but with the tone and situation it should be taken like a recap. There’s a chance he says something meaningful in the Q&A but I don’t take much from these comments.