Financial Times (February 25)
2015/ 02/ 26 by jd in Global News
When then Federal Reserve Chairman Ben Bernanke signaled a potential policy change in 2013, he “triggered a ‘taper tantrum’ in financial markets across the world” and “put a chill on the US housing market.” Current Fed Chairman Janet Yellen “is determined not to do the same and catch the markets unaware.” Judging from the calm market reaction to her recent guidance, she is earning “high marks” for successfully managing expectations.
Tags: Bernanke, Calm, Expectations, Fed, Housing, Markets, Reaction, Taper tantrum, U.S., Yellen
