Recession

Bernanke’s Attempt to Get Ahead of the Market 

There are some things you expect from the chairman of the Federal Reserve: obtuse and circular references to “downside risk,” speeches that only an academic could love, and an obsession from the business press to any references that might hint at future monetary policy direction. But there are also those things you do not expect — such as a Fed chairman breaking the long-standing ‘blackout’ practice, where members of the Federal Open Markets Committee do not comment to the press ahead of an upcoming FOMC meeting.