FOMC Bernanke

FOMC Bernanke to speak at 9:00 AM EDT.

Greg Michalowski — Tue, 09 Sep 2008 07:44:56 -0400

9:00 AM EDT. Fed Chairman Bernanke will speak about education at a White House conference. He is not expected to speak on the economy but you never do know.

Forex News: Fed's Bernanke speech is released

Greg Michalowski — Fri, 22 Aug 2008 10:07:04 -0400

COMPREHENSIVE FINANCIAL REGULATION JUSTIFIED
TREASURY BEST TO DEAL WITH NONBANK FAILURES
FED TO KEEP REVIEWING LIQUIDITY MEASURES
FED'S JOB ONE OF MOST CHALLENGING IN MEMORY
CRISIS SOFTENING GROWTH AND RAISING JOBLESSNESS
FINANCIAL STORM HAS NOT PASSED
NOTES RATES RELATIVELY LOW AMID RISING INFLATION
INFLATION OUTLOOK UNCERTAIN
COMMODITY DROP, DOLLAR STABILITY IS ENCOURAGING
TO ACT AS NEEDED FOR MEDIUM-TERM PRICE STABILITY
COMMODITY AND DOLLAR TRENDS LIKELY TO SLOW INFLATION

Analysis: The US is in a long term corrective period where inflation is a problem but should subside, growth and employment should weaken, but rates are sufficiently low enough given the inflation threat.

Forex News: Bernanke repeats the written text from yesterday

Greg Michalowski — Wed, 16 Jul 2008 10:04:19 -0400

The Q and A time will be watched.

The market is being influenced closely by the stock market. The crosses are also coming into play more with the EURJPY and the GBPJPY following stocks as well. Volatility seems to be back in vogue.

Forex News: Fed's Bernanke speaking in Washington

Greg Michalowski — Tue, 08 Jul 2008 08:23:03 -0400

SAYS FED MAY EXTEND WALL ST. LENDING ACCESS TO 2009
FED WORKING WITH SEC, DEALERS ON CAPITAL, LIQUIDITY
URGES TREASURY HAVE LEADING ROLE IN CLOSING FIRMS\
SAYS LOANS TO PRIMARY DEALERS MAY WEAKEN DISCIPLINE
CONGRESS MAY NEED TO BOOST INVESTMENT BANK OVERSIGHT
SAYS SHORT-TERM FUNDING MARKETS IMPROVED SOMEWHAT
ENDORSES PROPOSAL FOR DEALER LIQUIDATION PROCESS

Although Mr.Bernanke did not speak on interest rates or the economy, the health of Wall Street is certainly a concern of the markets. Firms still need more capital to cover the tough times still ahead (e.g. Fannie Mae and Freddie Mac news from yesterday). The proverbial pink elephant is still in the room (i.e.

Forex Special Report. The Fed's Change of Heart on the Dollar

Greg Michalowski — Tue, 03 Jun 2008 18:57:34 -0400

For an analysis of the Bernanke comments and why it might be important for the dollar, please click on the following Attached File.

Forex news: FOMC Bernanke on wire but not market related

Greg Michalowski — Thu, 15 May 2008 09:24:38 -0400

He is speaking about risk management in general.

Forex News: FOMC Bernanke speaks on the Liquidity measures

Greg Michalowski — Tue, 13 May 2008 08:19:32 -0400

FED MEAUSRES CONTRIBUTED TO SOME IMPROVEMENT
FINANCIAL MARKET CONDITIONS FAR FROM NORMAL
END EXTRAORDINARY STEPS WHEN MARKETS MORE NORMAL
FED READY TO INCREASE TAF AUCTIONS AS WARRANTED
FAILURE WOULD HAVE CREATED MUCH BROADER CRISIS
TAKE SOME TIME TO ADDRESS FUNDAMENTAL STRAINS
TERM LIBOR PREMIUMS ABNORMALLY HIGH
REGULATORS REVIEWING LIQUIDITY RISK MANAGEMENT
MORAL HAZARD BEST ADDRESSED THROUGH REGULATION

Comments do not address the economy directly in his speech.

Forex News:Bernanke Comments on Capitol Hill

Greg Michalowski — Wed, 02 Apr 2008 09:38:47 -0400

CREDIT MARKETS STILL UNDER CONSIDERABLE STRESS
FURTHER HOMEBUIDING DROP IN COMING QUARTERS
ECONOMY MAY CONTRACT SLIGHTLY IN FIRST HALF
BEAR STEARNS TOLD FED IT WOULD FILE CHAPTER 11
GROWTH PROSPECTS ABROAD DIMINISHED SOMEWHAT
SOMEWHAT HIGHER UNEMPLOYMENT RATE
FED MONITORING PRIMARY DEALERS WITH SEC
LIKELY CONSEQUENCES OF A BEAR FAILURE SEVERE
FAILURE WOULD HAVE SPURRED CHAOTIC CONDITIONS IN THE MARKETS
INFLATION A CONCERN, EXPECTED TO MODERATE
ECONOMY TO RETURN TO TREND GROWTH RATE IN 2009
FED, FISCAL ACTIONS MAY SPUR GROWTH RETURN IN H2
CREDIT CONDITIONS TIGHTENING. CITES COMMERCIAL PAPER MARKET
HOUSING IS A CONTINUED DRAGGED.