Big Questions Await Ben Bernanke Before Congress

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

July 16 (Bloomberg) -- Bloomberg Economics Editor Michael McKee previews Federal Reserve Chairman Ben Bernanke's testimony before Congress on Wednesday morning and what the big questions will be. He speaks on Bloomberg Television's "In The Loop."

This is a big change from the house financial services committee.

Ben bernanke's testimony will be released at 8:30 tomorrow morning, not when the hearing begins at 10:00 as a has always been.

Leaders said they want to give their members more time to read comments.

This is a promo for your show -- tune in tomorrow at 8:30 or you will lose money.

People will tune in on this.

They have to.

They will be "in the loop" at 8:00. but what will we hear exactly?

We will expect more of the same for ben bernanke, the same after june.

The key question is -- when will they start cutting back on bond buying?

It all depends.

If job creation continues to pick up and new growth figures suggest the labor market progress we are seeing continues.

What change will they make when they cut back buying treasury bonds?

That depends.

How do buyers react to rising mortgage rates.

How much will the treasury borrowing.

? you can expect ben bernanke to wag his figures at congress saying they're not doing a good job of the budget.

How long does tapering take until they are done?

The answer is, it depends.

That all figures into the calculation.

Don't expect a whole lot of clarity, a couple more months before they have to make a decision if it is september but they will make -- but we need to wait for more clarity.

It is hard to gauge the market that way.

If we will see tomorrow.

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change