Ben Bernanke Latest News: Fed Statement Could Lead to 'Amateur Hour' in the Markets

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Ben Bernanke Latest News: Fed Statement Could Lead to 'Amateur Hour' in the Markets

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Ben Bernanke Latest News: Fed Statement Could Lead to 'Amateur Hour' in the Markets

by Wochit 0:55 mins

Ben Bernanke Latest News: Fed Statement Could Lead to 'Amateur Hour' in the Markets

by Wochit 0:55 mins

Global investors are on hold, waiting for comments from the Federal Reserve's policy-making committee on when the central bank will wind down its monthly $85 billion purchases of mortgage-backed securities and Treasury securities. Federal Reserve Chairman Ben Bernanke will be pressed at his upcoming news conference to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows. President Barack Obama hinted in an interview aired that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.

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