Reuters/Gary Cameron - Federal Reserve Board Chairman Ben Bernanke listens to opening remarks before testifying at the Joint Economic Committee in Washington, DC, May 22, 2013
Financial Market Confusion and Pessimism Do Not Mean The Fed Is Wrong on Monetary Policy
June 19, 2013,
The financial market reactions to today’s Fed announcement about monetary policy are in line with its responses to Federal Reserve comments over the last few weeks – a mix of uncertainty and pessimism. Doug Elliott explains why these reactions do not mean that the Federal Reserve's optimism about jobs and the economy is misplaced.