“Headlines from the Bernanke speech:
- BERNANKE SAYS FED READY TO ACT, REFRAINS FROM DETAILING STEPS
- BERNANKE: `FISCAL CLIFF’ IN 2013 POSES A `SIGNIFICANT THREAT’
- BERNANKE SAYS U.S. BUDGET TREND `IS CLEARLY UNSUSTAINABLE’
- BERNANKE: EUROPE CRISIS IMPAIRING EXPORTS, CONSUMER CONFIDENCE
- BERNANKE SAYS EUROPE CRISIS POSES `SIGNIFICANT RISKS’ TO U.S.
But the kicker, as we explained a few days ago, is the Chairman’s hint that more QE would come in the form of additional Twist, not LSAP:”
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