At 10 am Eastern the Chairman will go before Senate to deliver his agency's semi-annual Monetary Policy Report to lawmakers. Tomorrow he will do the same before the House. Speaking before the Senate Banking Committee, Bernanke will face questions about the nation's current economic situation. He is also likely to field lawmaker's comments on how the nation's economy will be impacted by sequestration. Perhaps someone will inquire about the Fed's exit plans, but that is unlikely as there are none. Perhaps someone else will inquire what Bernanke's closing print target for the S&P and the EURUSD are. We, and numerous GETCO synthetic momentum algos, are looking forward to both.
- *BERNANKE SAYS BENEFITS OF EASING OUTWEIGH COSTS, RISKS
*BERNANKE SAYS FED HAS TOOLS TO TIGHTEN MONETARY POLICY
*BERNANKE SAYS MORE QE MAY ERODE CONFIDENCE IN FED EXIT ABILITY
*BERNANKE SAYS VERY LOW RATES `COULD IMPAIR FINANCIAL STABILITY'
*BERNANKE SAYS FOMC INTENDS TO SUSTAIN EASING AS LONG AS NEEDED
*BERNANKE: FED TREASURY REMITTANCES MAY DECLINE IN COMING YEARS
*BERNANKE: SEQUESTRATION COULD CAUSE SIGNIFICANT ECONOMIC BURDEN
Watch it live at C-Span-3 link after the jump.
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Summing it all up:
Inflation 11, Risk 10, Debt 9, Cost 9, Balance Sheet 5, Benefit 3, Gas Prices 1,
Exit 1, Unicorns 0
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Full bernanke speech:
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