After the angst that he created when he last spoke, and today's shenanigans after the Minutes, we can only imagine how his presentation at the NBER's Boston conference [4] will impact the markets. We would be surprised if anything new came from Bernanke's presentation on "The Last 100 Years of The Federal Reserve" but the following Q&A (as we noted here [5]) will be trial-balloon after trial-balloon we suspect as he prepares for next week's Humphrey-Hawkins.
Bernanke's prepared remarks on the 100th anniversary of the Fed which are meaningless (just look at the purchasing power of the USD for the Cliff notes), as only the Q&A will matter.
