Tuesday, January 31, 2006
Changing of the Guard
Good Riddance to Fed Head Greenspan!
Ben Bernanke is the new Fed Head:
http://www.federalreserve.gov/boarddocs/press/other/2006/20060131/default.htm
No doubt the new Fed Head will be tested by the markets. History teaches us that Bernanke will have to prove himself. History also shows us that comments by new officials can roil markets. Look for spikes in volatility.
Ben Bernanke is the new Fed Head:
http://www.federalreserve.gov/boarddocs/press/other/2006/20060131/default.htm
No doubt the new Fed Head will be tested by the markets. History teaches us that Bernanke will have to prove himself. History also shows us that comments by new officials can roil markets. Look for spikes in volatility.
