here is what she said, verbatim:
Federal Reserve Chairman Bernanke told me over the weekend that the media and the markets basically got it wrong last week in speculating that the Fed is done raising interest rates. I asked Chairman Bernanke whether the markets got it right after his congressional testimony. He said flatly, 'No.' Bernanke also told me it is worrisome to him that anyone would think of him as dovish, that that feeling did permeate last week.
He said that he and his Federal Open Market Committee members were trying to basically create some flexibility for the Federal Reserve, saying the Fed may pause, but the data will really dictate whether more rate hikes will occur at future meetings. Chairman Bernanke made the comments to me during the annual White House Correspondents' dinner Saturday night. He used Europe as an example. He said look, Europe moves either up or down, takes pauses and then moves again."
Federal Reserve Chairman Bernanke told me over the weekend that the media and the markets basically got it wrong last week in speculating that the Fed is done raising interest rates. I asked Chairman Bernanke whether the markets got it right after his congressional testimony. He said flatly, 'No.' Bernanke also told me it is worrisome to him that anyone would think of him as dovish, that that feeling did permeate last week.
He said that he and his Federal Open Market Committee members were trying to basically create some flexibility for the Federal Reserve, saying the Fed may pause, but the data will really dictate whether more rate hikes will occur at future meetings. Chairman Bernanke made the comments to me during the annual White House Correspondents' dinner Saturday night. He used Europe as an example. He said look, Europe moves either up or down, takes pauses and then moves again."
