Bernanke Press Conference - Live Webcast
Having released the somewhat less exuberant economic projections (see below), the great one is about to explain the fact that his regime shift in 'rules-based'-doctrine is in fact not, as tin-foil-hat-wearing fringe blogs would suggest, a 'true' counter-cyclical policy by which investors will antithetically hope for worse economics to improve their nominal-priced 401(k)s. Over to you Ben...
- *FED: 2012 GROWTH OF 1.7%-1.8% VS 1.7%-2.0% IN SEPTEMBER
- *FED: 2013 GROWTH OF 2.3%-3.0% VS 2.5%-3.0% IN SEPTEMBER
- *FED: JOBLESS END OF 2012 AT 7.8%-7.9% VS 8.0%-8.2% IN SEPT.
Full statement to follow: