June 6, 2011, 4:58 p.m. EDT
Bernanke may use ‘T’-word to describe weakness
By Steve Goldstein, MarketWatch
WASHINGTON (MarketWatch) — There’s no denying that May was a disappointing month for the U.S. economy.
Only 54,000 nonfarm jobs were created, the Labor Department has estimated, and a variety of regional and national manufacturing indexes have all seen sharp declines.
The first opportunity for Federal Reserve Chairman Ben Bernanke to address the recent weak data will be Tuesday afternoon at 3:45 p.m., when he delivers a speech on the "U.S. economic outlook” in Atlanta, Ga. to the International Monetary Conference.
The question is how gloomy Bernanke will be at the Ritz Carlton Buckhead. Chances are, the central banker isn’t going to be waving pom-poms but won’t be crying, either. Bernanke will take questions after his prepared remarks conclude.
“I don’t think we are going to hear alarm bells,” said Yelena Shulyatyeva, an economist for BNP Paribas in New York. “He may talk about recent weakness as being transitory or temporary.”
Full story: http://www.marketwatch.com/story/bernanke-may-use-t-word-to-describe-weakness-2011-06-06
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 