Bernanke Fed Tosses Hot Potato To Draghi's ECB |
| August 01, 2012 | August 2012 Bond Updates |
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The Federal Reserve decided to sit on its hands on Wednesday, yielding the floor to Mario Draghi and the ECB. Chairman Ben Bernanke and his colleagues affirmed that they would extend Operation Twist until the end of the year, while pledging to keep rates at record-lows at least through 2014. While markets had gotten riled up on reports that the Fed might act preemptively, the focus now shifts to Europe, where Mario Draghi’s bold promises might clash with heavy resistance from Germany. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/08/01/bernanke-fed-checks-its-hand-its-all-about-draghi-and-the-ecb-now/ |
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