Arc Bike News

September 12, 2011

Don’t expect a home run from the Fed (AP)

Filed under: As we will — admin @ 7:58 am

FILE - In this Sept. 30, 2010 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The last time the Federal Reserve came up with a big plan to help the economy, it totaled $600 billion and touched off a 28 percent rally in the stock market. But if the Fed takes any new steps, as many people expect, it won’t look anything like that. Look for small ball, not a home run. “Operation Twist,” as Fed-watchers are already calling it, in a nod to economic history, probably will help the economy and the stock market. (AP Photo/Manuel Balce Ceneta, File)AP – The last time the Federal Reserve came up with a big plan to help the economy, it totaled $600 billion and touched off a 28 percent rally in the stock market.

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