At 10 AM, Federal Reserve Chairman Ben Bernanke delivers prepared remarks in his semi-annual Humphrey Hawkins testimony on Fed policy before Congress.
After Bernanke reads the opening statement, there will be a Q&A.
The full text of Bernanke’s remarks was released at 8:30 AM in order to give members of the House Financial Services Committee time to come up with questions that weren’t already addressed in the statement.
Perhaps the most important takeaway: the path of quantitative easing is not on a preset course.
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