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Fed Chair Bernanke Misread Sends Trading Bonkers

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At www.msnbc.msn.com

Stocks fell on Monday after CNBC's Maria Bartiromo revealed on air that Ben Bernanke felt his testimony last week had been 'misunderstood.' The anchor said Mr Bernanke had told her at the White House Correspondents' dinner in Washington on Saturday that he had not intended the markets to infer that the Fed was nearly done raising interest rates. BBC reports that the dollar also fell in response.

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At www.msnbc.msn.com


 

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