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Federal Reserve officials fanned out to do damage control trying to calm financial markets after a press conference by chairman Ben Bernanke -- interest rates popping the officials repeated Bernanke's comments that slowing.
-- the Fed's quantitative easing bond purchases could come later this year.
If the economy keeps improving.
And unemployment -- the Fed launched its latest round of QEU last fall to help keep interest rates low on auto loans mortgages and credit lines or small and large businesses but -- officials said the course of QE will depend.
On the economic data.
Meeting to meeting as Bernanke also said but which fed officials fear investors did not pay as much attention to.
Seems to me to chairman said.
Thinking of a smoking analogy.
That will use the patch.
And we'll use it flexibly.
And some in the markets reacted as if he said cold Turkey so this is not a bolt from the blow.
There was a range of possibilities this is bigger than I -- hoped but again it's still in motion.
Policy including the case of -- purchase depends on how economic outlook not on the calendar.
But fed governor Jeremy Stein said the Fed's policy meeting in September could be an opportune time to review the economic data and consider tapering bond purchases.
Comments which sent interest rates up again.
Jeffrey lacquer president of the Fed bank of Richmond said Bernanke was wise to clarify his remarks in that press conference.
Lakers' said they meant that the Federal Reserve is not only leaving the punch bowl in place that continuing to spike the punch though -- -- decreasing rate.
That's it for this edition of the Fox Business small business report I'm Peter Barnes and Washington.
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