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26 Feb 2013
Bernanke likely to reaffirm the accommodative stance - BBH
In the US, Federal Reserve Chairman Bernanke's testifies today before the Senate Banking Committee. "We think many observers read the recent FOMC minutes in a way that gave too much emphasis to non-voting regional presidents and not enough to the Board of Governors, and especially the Fed's leadership", says the BBH analyst team.
Regarding today's testimony, "Bernanke is likely to reaffirm the accommodative stance and, with European tensions flaring, can point to external risks as well as domestic", BBH comments. "The sequester, which includes $85 bln in new spending cuts for the remainder of the fiscal year, is also part of the domestic headwinds that the economy faces".
Regarding today's testimony, "Bernanke is likely to reaffirm the accommodative stance and, with European tensions flaring, can point to external risks as well as domestic", BBH comments. "The sequester, which includes $85 bln in new spending cuts for the remainder of the fiscal year, is also part of the domestic headwinds that the economy faces".