Instant Ben Bernanke: Who Needs the FOMC?

Paul Kedrosky (one of our favorite bloggers over at Infectious Greed) has put together a funky little widget (Dubbed "Instant Ben") that generates a Federal Open Market Committee press release whenever you click on Chairman Bernanke’s Picture.  At the right – click to make big – is one of our results.

He’s got the FedSpeak down pat:

Although the timing and extent of that improvement remains uncertain,
the Committee perceives that over the next few minutes, at the very
least the upside and downside risks to the attainment of sustainable
growth are roughly equal. The Committee believes that, taken together,
the balance of risks to achieving its goals is weighted toward mild
growth for the next five minutes or so.

· Instant Ben [paulkedrosky.com]
· Instant Ben: You Can be the FOMC too [Paulkedrosky.com]

Related posts:

1. The Feds Big Bet: What it Might mean for Mortgage Rates
2. Fed Minutes: Nothing New
3. Monday Market Commentary: Bernanke’s Big Day
4. Around the Horn: Bernanke on Principal Writedowns. Appraisal Code-of-Conduct Coming Soon
5. Fedwatch: Add another .25%, but what does “measured firming” mean?