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Bernanke remarks charm the markets

2013-07-17 24 Dailymotion

The third time is a charm for Fed Chairman Ben Bernanke. Markets remained steady as he testified to Congress - saying while nothing is set in stone, the Fed will taper when the key conditions are met.<br/> <br />But those conditions have not yet been met:<br/> <br />SOUNDBITE: BEN BERNANKE, CHAIRMAN, U.S. FEDERAL RESERVE (ENGLISH) SAYING:<br/> <br />"The economy is weak, inflation rates are low- if we were to tighten policy the economy would tank."<br/> <br />In what many believe to be his last semi-annual testimony Bernanke was also critical of Congress and its fiscal policies:<br/> <br />SOUNDBITE: BEN BERNANKE, CHAIRMAN, U.S. FEDERAL RESERVE (ENGLISH) SAYING:<br/> <br />"I think that fiscal policy is focusing a bit too much on the short run and not enough on the long run. The near term policies, which include not only the sequester but the tax increases and other measures, according to the CBO, are cutting about a percentage point and a half, about one point five percentage, from growth in 2013. That would mean

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