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Peter -- now we have been that's counting down to Ben Bernanke's highly anticipated speech this morning.
At the Fed's annual economic symposium in Jackson -- investors -- the world eagerly awaiting -- to hear if he's gonna take the -- and announce more monetary stimulus so what do you think what are you hearing what should we anticipate today Peter.
Well that's every other Romney's big speech last night we got Bernanke's big speech today and in the past Romney excuse rounding.
But that may affect.
Bernanke has that may -- news.
At this conference in the remarks that he gives as the -- -- 10 o'clock eastern.
Time is one book that will start.
Two years ago in fact -- when he signaled that the Fed could launch another round of quantitative easing back that it was QE2.
But we've heard so much from the Fed already.
On the likelihood that it is going to adopt additional monetary easing additional stimulus potentially potentially another round of quantitative easing.
That this speech is just expected to be a kind of a state of play.
And outlined a once again of the options for the Fed as such as QE three.
What the risks might be and that it once again the Fed is going to be very closely watching the data.
That comes in before it decides to make a decision the next big data point is a week from today with that jobs report.
And then the next FOMC meeting is on September 12 they've already said that on the table.
Will be consideration of extending.
The language on interest rates -- so called forward guidance right now the Fed has it at.
Exceptionally low rates through the end of -- fourteen.
There is a speculation the Fed could now extend that to it to 2015 perhaps even 2016.
-- Peter we're gonna chat with the next hour thanks for that update setting us up for the fact that.
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