3 Things to Watch for in Bernanke’s Testimony

Posted by Victoria McGrane - WSJ

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BF-AF330 13TW1 D 20130712163517Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee Wednesday at 10 a.m. to kick off his two-day semiannual testimony on the economy and monetary policy. In a break from past custom, Mr. Bernanke’s prepared testimony will be released at 8:30 a.m., giving investors and lawmakers a good while to digest the document before the Fed chief even opens his mouth and before U.S. markets open. As is often the case, however, any new nuggets of information are more likely to come during the question-and-answer session than from the prepared statement.

It’s been a wild couple of weeks for markets since Mr. Bernanke’s June press conference, when he laid out a tentative timetable for winding down the Fed’s bond-buying program. Here are three things to watch for as he speaks again:

…..all 3 HERE