Markets impressed by Bernanke’s promise

28th April 2011

Here is the Reuter's report on the FTSE rise.

In the first of what will be quarterly press conferences, Fed Chairman Ben Bernanke made no gaffes.  

He revealed nothing he didn't want to reveal, despite being grilled by the cream of US financial journalism. Some bloggers had even been worried that Bernanke might say something under pressure that could spook markets.

There was no such excitement.

Citywire reported on research firm GaveKal, suggesting that Bernanke was trying to have his cake and eat it. 'We find it amazing that the Fed very happily takes credit for the rebound in asset prices but does not see the weakness of the dollar as a result of its actions," he said.

Others were more concerned about the spectacle or the lack of it.

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