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FBN’s Peter Barnes on Ben Bernanke’s press conference today, where he hinted at stimulus but did not come forward with plans for QE3.
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Suited to the possibility of more stimulus but warned it just might not be as effective.
-- mind's with us in Washington and I guess the question is wasn't effective the first time Peter.
Yeah that's one of the questions that he got today any kind of give us some mixed answer on that Tracy and as you pointed out despite the risks to the economy including Europe and the fiscal cliff -- in Washington.
Chairman Bernanke did not directly signal more fed stimulus moves he did not specifically mention another round of money printing quantitative easing for example.
But he did not rule it out either.
We've lowered mortgage rates.
It's re stock prices and increase their four.
Wealth -- four consumers.
There may be some diminishing returns in that would be in consideration we have to look at as we tried it.
Analyze.
What our options are.
Fed holds its next policy meeting a week from this coming Tuesday Bernanke also pushing Washington lawmakers to avoid the fiscal cliff at the end of the year saying the fight over the debt ceiling.
And extending tax cuts last summer.
Hurt economic growth the last year.
He also urged European leaders to do more to fix their debt crisis and -- the Fed would act as needed.
If the leaders do not Tracy.
Something's gotta happen this market is waiting for that silver platter Peter Barnes.
