Bad News Bernanke: The Return
Everyone's gotten a little worked up lately because the Dow hit the 13,000 mark a couple of times, but here comes Fed chief Ben Bernanke to hit us with the reality stick, or at least give our knuckles a bit of a rap, in an economic update delivered to Congress on Wednesday.
Everyone’s gotten a little worked up lately because the Dow hit the 13,000 mark a couple of times, but here comes Fed chief Ben Bernanke to hit us with the reality stick, or at least give our knuckles a bit of a rap, in an economic update delivered to Congress on Wednesday. –KA
Dig, Root, GrowCNBC:
Stocks struggled for direction Wednesday as Bernanke dashed hopes for further monetary stimulus and as traders shrugged off the Fed’s latest report that showed the economy grew at a “modest to moderate” pace in the last two months.
The Dow Jones Industrial Average struggled to move back into positive territory, after finishing above the psychologically-important 13,000 level in the previous session for the first time since May 2008.
This year, we’re all on shaky ground, and the need for independent journalism has never been greater. A new administration is openly attacking free press — and the stakes couldn’t be higher.
Your support is more than a donation. It helps us dig deeper into hidden truths, root out corruption and misinformation, and grow an informed, resilient community.
Independent journalism like Truthdig doesn't just report the news — it helps cultivate a better future.
Your tax-deductible gift powers fearless reporting and uncompromising analysis. Together, we can protect democracy and expose the stories that must be told.
This spring, stand with our journalists.
Dig. Root. Grow. Cultivate a better future.
Donate today.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.