Fed's Bernanke Dodges QE, Talks Shadow Banking
Yesterday evening in a speech, the Federal Reserve's Chairman Ben Bernanke addressed financial regulation.
Bernanke stated that the Fed was continuing to look at financial regulation, and the effects of implementing the Volcker rule. Bernanke also mentioned shadow banking, and the need to consider financial regulation outside the traditional limits of standard financial institutions.
The key takeaway for investors--the possibility of additional quantitative easing--was not mentioned. It will be interesting to see what tone the Fed will take with its rhetoric in the future.
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