in place to help the economy recover from the worst recession since the 1930s.
Whilst estimates foretold that QE tapering was in the cards to be announced at last week's Minutes - as was an imminent end to QE altogether by mid-2014 - neither topic came up seeing as the mere anticipation of Yellen coming to power in January made Bernanke put
the QE subject on pause until she adopts the strategic decision making role.
Fed chairman Ben Bernanke put
markets on notice in May that "tapering" was likely this year.
As Bernanke put
it, "We're looking for ongoing, sustained improvement in the labour market.
Chairman Bernanke put
forward a rule that adhered to the principles of my bill, and 56,000 Americans expressed support for the rules, the largest comment response ever.
In doing so, it has replaced the Greenspan Put with a Bernanke Put
At a recent central bankers' meeting, Fed chairman Ben Bernanke put
it bluntly: "Unless the economy begins to grow more quickly than it has recently, the unemployment rate is likely to remain far above levels consistent with maximum employment for some time.
Asian shares fell on Thursday as Federal Reserve Chairman Ben Bernanke put
the brakes on a recent rally by curbing optimism about the strength of the U.
But should Bernanke put
a damper on QE3 expectations, the yellow metal could well experience the correction that potential investors have been impatiently awaiting.