Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mobile Device Management
- The Modern Federal Threat Landscape
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Bernanke: Investors starting to get Fed's message
Wednesday - 7/17/2013, 3:08pm EDT
AP Economics Writer
WASHINGTON (AP) -- Chairman Ben Bernanke says markets are more stable now that investors better understand the Federal Reserve's guidance on when it might start reducing its bond purchases.
"I think the markets are beginning to understand our message," he said at a House Financial Services hearing.
Last month stocks plunged after Bernanke said the Fed could reduce its $85 billion in bond purchases later this year if the economy improves. But stocks have since recovered after Bernanke and other Fed members have made clear that any change depends on the economy's performance, not a target date.
On Wednesday Bernanke told lawmakers the Fed's timetable is not on a "preset course."
Bernanke says it's important to provide guidance on the Fed's possible moves so that investors don't expect the purchases to continue indefinitely.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.