The Fed's announcement to keep interest rates low until 2014 just happens to coincide with the end of Chairman Bernanke's term in office...and his possible re-appointment. See the article by Subodh Kumar, CFA for details. https://twitter.com/#!/subokumar
2 comments:
can't find the article in this twitter url but, what is the practical meaning of this coincidence?
The practical meaning is that even Fed chairmen are human and will keep interest rates low prior to their re-appointment. Low rates stimulate the economy and the stock market. This is all good news for equity investors.
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