Professor Bernanke Meets Mr. Market

Federal Reserve Chairman Ben Bernanke needs to get his message straight when he speaks after the central banks policy committee meets this week.

Federal Reserve Chairman Ben Bernanke will get a chance at damage control at his news conference on Wednesday, after a two-day meeting of the central bank's policy committee. No doubt he will try to help financial markets understand that "tapering" isn't "tightening," a nuance that seems to have gotten lost somewhere between the March 20 press conference, where he talked about varying the pace of quantitative easing, and his May 22 congressional testimony, where markets heard the end of QE.

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