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FBN’s Peter Barnes reviews the speech by Fed Chairman Ben Bernanke at the Jackson Hole Economic Conference.
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Seconds -- bonds right now Tellme has -- moved.
Closer to printing more money.
And no specific policy announcement on that front Stewart but he definitely appears to tee it up.
Yet again with a lot of concerns about the weak jobs market here's the they've been the quote we've seen over and over again -- says yet again.
Quote the Federal Reserve will provide additional policy accommodation as needed.
To promote a stronger economic recovery and sustained improvement in labor market conditions in the context of price stability he says the economic situation is obviously far from satisfactory.
Improvement in the jobs markets.
Has been painfully slow and stagnation is a grave concern Stewart.
In other words this was not a major announcement way he says yes boys I'm gonna print let's get on with it he said nothing -- -- at all.
He simply -- up the possibility.
That he will think about it in the future of about that right.
That that's exactly right here reviews all the things they've done including printing more money in talks about it whether or not they've been effective of course he says.
He thinks they have the next fed meeting is September 12 we'll wait and see all right thanks very much -- -- bonds right -- -- the news shot up at 10 o'clock.
Now before this news was released the Dow Jones Industrial Average was -- 97 points precisely at 10 o'clock a gain of 97.
As of right now we -- up eighty points.
So we've not seen -- much of a difference made on the markets by the comments from Ben Bernanke which we now know exactly what he's about to say.
So he did not say yes we're gonna print he said.
When might print in the future depending upon the situation -- -- The rally though is losing its thing we were up 97 -- -- now are up 69 point 78 points -- carry.
So you don't have the same strength that we had literally two minutes ago where it's seventy points that's what we -- -- for the Dow 67.
