Federal Chair Ben Bernanke testifies before the Senate Banking Committee in his Semiannual Monetary Policy Report.
- Markets prepare for Bernanke's hearing:
- Speculation via Goldman Sachs:
- Sen. Johnson (D-SD) gets the hearing started: "Financial crisis still weighs heavily on our economy today"
- — Hamilton Place (@HPSInsight)Tue, Jul 17 2012 07:08:13
- — Federal Reserve (@federalreserve)Tue, Jul 17 2012 07:00:57
- — Binyamin Appelbaum (@BCAppelbaum)Tue, Jul 17 2012 07:04:24Bernanke's testimony contains no hint the Fed is any closer to embarking on a new round of economic stimulus. http://nyti.ms/LvxjGc c
- Sen Mike Crapo (R-ID) reads a statement for Sen. Shelby who cannot attend. "In June, Chairman Bernanke warned Congress if they did not take care of the fiscal cliff."
- — Joseph Brusuelas (@joebrusuelas)Tue, Jul 17 2012 07:06:32
- — Pete Schroeder (@peteschroeder)Tue, Jul 17 2012 07:10:56Sen. Shelby, ranking Republican on the panel is not at hearing. Sen. Crapo in top GOP spot, says he is attending to family matter. #bernanke
- — CNN Live (@CNNLive)Tue, Jul 17 2012 07:12:34
- Introduction of Chairman Bernanke by Sen. Johnson, 10:14 AM: he begins.
- — Michael Crittenden (@CritterDJ)Tue, Jul 17 2012 07:17:25#Bernanke wearing darker tie than usual to Hump-Hawk. During Greenspan era, this would have qualified for a sidebar/analysis.
- — Diana Olick (@diana_olick)Tue, Jul 17 2012 07:17:26
- — Diana Olick (@diana_olick)Tue, Jul 17 2012 07:19:01#Bernanke: Large number of vacant homes, boosted by ongoing inflow of foreclosed props, continues to divert demand from new construction
- — Ben White (@morningmoneyben)Tue, Jul 17 2012 07:20:26Look for Sen. Chuck Schumer to press Bernanke hard to do more to reduce unemployment rate: http://www.politico.com/morningmoney/ com/morningmoney/
- 10:21 AM: A little chuckle from Bernanke when the lights go out. A sign?
- — Pavol Hollosy (@PavolHollosy)Tue, Jul 17 2012 07:23:36
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