Chairman Bernanke's Clarity Issue

An ill-timed statement hit the airwaves, but the Fed chief hasn't changed his mission for improved communications

For a Federal Reserve chairman, loose lips may not sink ships, but they can send Wall Street into a tizzy, as Ben Bernanke has learned three months into the job. The markets took a tumble on May 2 after CNBC anchor Maria Bartiromo announced on the air that the Fed chief had told her at a party that investors had misconstrued his stance on a possible end to rate hikes in his Apr. 27 speech before lawmakers. (Bartiromo contributes a regular column to BusinessWeek.)

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