You're watching...
RBS Securities Managing Director Michelle Girard on the impact of Federal Reserve policy and Ben Bernanke’s comments on the market outlook.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Sprint Michelle Girard -- at RBS securities she's the managing director but she's also the senior economist.
Looking at the market reaction to what happened here to what Ben Bernanke really in essence was -- -- what we saw on March Michelle was there anything in there.
That sort of went to -- would drive this kind of move with the markets.
What you know its existing I mean I think that the Fed Chairman didn't say anything nil he still keeps playing in the door open and for the Fed to take further action if necessary and I say that markets sort of you know -- it going out and that at you know hope that we might get more support from the fat.
Although the truth is is that there wasn't anything it -- the statement today or anything he said in the press conference.
What's really suggested that their fingers you -- -- that -- so you know.
When -- learned anything different from the fat around brilliant at except for the fact that you know that they'll be there if -- if needed to provide.
More support -- Michelle let me push back on you have been on that this is David as a we have Peter Barnes on in the last -- telling -- in fact in this statement that they come out with now this extra statement.
There does seem to be more -- moved to tighten among some of the members snow and.
Yeah we -- you.
I had absolutely accurate point that you know into that timing that each com.
Members says it on terms of expectations for the first rate hike we did -- -- board we now have.
On a couple more people thinking it'll come a year earlier -- -- -- not until 2014.
That's where most of the members are.
And I think that that unsettled the markets a little bit but yeah.
You know I can then that that the Bernanke -- you know what they still are for you know in guiding that rates will stay low -- you know at least in late 2014.
Night in the forecast submitted.
