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:

Fomc Proj Tabl 20121212

Comments

[Banksters]

The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost

Read more: http://www.businessinsider.com/bernanke-quotes-2010-12?op=1#ixzz2EsOjqvaC

Subprime is contained.  

No wonder this fuckstick is the 'chairman.'

[Bobportlandor]

Well thank you Zero the Q's were exactly what you discussed. Much easier to anticipate what tennis shot is coming.

[Antifederalist]

Bernank to the market:

We are going to print until your eyes bleed.

Is that so fucking hard to understand ?

Any questions?

[Kokulakai]

"Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance...

...The Federal Reserve will not monetize the debt"

Guess who.