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Bernankespeak, translated
By Jonathan Weil over at Bloomberg, one of my favorite columnists.
BERNANKE: Good afternoon. The Federal Open Market Committee concluded a two-day meeting earlier today. The economy has good things and bad things. We're on top of it. QE will continue. Subject to change. It depends.
STEVE LIESMAN, CNBC: Can you clarify something?
BERNANKE: No.
...
ALISTER BULL, Reuters: Could you explain the bond market to me?
BERNANKE: That's a good question. No.
...
DONNA BORAK, American Banker: When are you going to pass all those new rules under Dodd-Frank?
BERNANAKE: No.
BORAK: That wasn't a yes-or-no question.
STEVE LIESMAN, CNBC: Can you clarify something?
BERNANKE: No.
...
ALISTER BULL, Reuters: Could you explain the bond market to me?
BERNANKE: That's a good question. No.
...
DONNA BORAK, American Banker: When are you going to pass all those new rules under Dodd-Frank?
BERNANAKE: No.
BORAK: That wasn't a yes-or-no question.
Those are the best bits, but the rest is pretty funny too.
http://www.bloomberg.com/news/2013-06-23/bernankespeak-translated.html
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