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Forex Flash: Fed speech recap – Deutsche Bank

By FXstreet.com,  January 15, 2013, 05:55:00 AM EDT

FXstreet.com (Barcelona) - It was a relatively active day in the world of Fedspeak yesterday with Williams, Evans and Lockhart all speaking yesterday ahead of Bernanke's Q&A session after the US market closed. The usually dovish Williams reiterated the Fed would continue to purchase MBS and treasuries well into the second half of 2013, while the more hawkish Lockhart warned that QE could have "longer-term consequences that are worrisome".

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, "Bernanke himself offered very little new information, saying that he remains concerned about the state of the labor market and defended the impact of QE noting significant inflation will not result from asset purchases." He dismissed the idea of the Government minting a trillion-dollar platinum coin to pay off debt, saying that he was "not going to give that (idea) any oxygen".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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