Bernanke’s Blink: Fed Lifts Markets at Cost of Long-Term Uncertainty
In delaying a taper decision, FOMC sends mixed signals to investors and punts tough policy choice to new chairman.
Aaron Timms
September 19, 2013
Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks during a news conference following the Federal Open Market Committee meeting in Washington, D.C., U.S., on Wednesday, Sept. 18, 2013. The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more signs of lasting improvement in the economy. Photographer: Pete Marovich/Bloomberg *** Local Caption *** Ben Bernanke
Pete Marovich/Bloomberg
