Tuesday, May 02, 2006

Market uproar follows Fed 'misunderstanding' - Financial Times - MSNBC.com


Either interests rates go up or the value of the dollar is going to slide against all other major currencies. Those are the choices.

Market uproar follows Fed 'misunderstanding' - Financial Times - MSNBC.com:

"Stocks fell on Monday after CNBC's Maria Bartiromo revealed on air that Ben Bernanke felt his testimony last week had been 'misunderstood.'

The anchor said Mr Bernanke had told her at the White House Correspondents' dinner in Washington on Saturday that he had not intended the markets to infer that the Fed was nearly done raising interest rates."

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