My biggest fear in Bernanke’s first public, history making, speech today, was the time he was to be in front of the group.
Today, Big Ben led with a reading of notes and press releases, much like a teacher would at the start of class. This in effect shortened the impromptu portion of his press meeting and set the tone for the entire meeting. In our opinion, mission was accomplished by humanizing the Fed and taking much of the mystery out of our Financial leaders decisions and policy making process.
Bottom Line, Two Thumbs Up!
Have A Good Rest of the Day!