Eyes will be trained on Washington D.C. on Wednesday as Bernanke begins his two days of Congressional testimony, starting at 10 a.m. Eastern.
Vice Chairman Donald Kohn on Tuesday said that, despite signs that inflation actually strengthened in January, the nation's weak economy and fragile financial markets remain a bigger threat than higher prices. Kohn's views are generally thought to be closely aligned with Bernanke's.
In the last six months, traders have been selling off the market EVERY time either Bernanke or Bush appear on TV. It is obvious neither guy has any respect on Wall Street. Stock futures are already down in anticipation...
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