Ben Benanke

Market Update 07-19-06

 In this handout...

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Volume 3, Number 29 

July 19, 2006 

Ben Benanke's public comments are taking on all the appearances of the old Smith Barney ads: When the chairman speaks, people listen. Since assuming the role of Fed head, Bernanke's words have led to some big price swings in the stock market. Today, Gentle Ben's remarks before the Senate Banking Committee that the economy is merely moderating and inflation remains under control have sparked an impressive rally in share prices.Read more...