Why can’t we keep former reserve chairman Ben Bernanke from speculating and drive the market down?
Posted by admin · 6 Comments
It appears everytime Ben Bernanke opens up about his opinions the market has a bad day. Can anyone explain why his influence is so great even after he has stepped down and retired. Personally I can’t tell that he retired.
Originally posted 2009-12-18 16:19:15.
Bernanke hasn’t retired – yet. He is still the Chairman of Federal Reserve. You must be talking of Greenspan. He’s gone – but he can still upset the market when he open his mouth.
His (Bernanke’s) stated this morning that the economy will recover from its feeble performance longer than anticipated.
With his forecast of rebounding growth and easing of inflation but remains high, will cause Federal Reserve to do nothing in lowering the interest rate. High interest is no good for stock market – takes more to borrow and put in stock market …. hence the negative response of the market today.