Letters to the Editor
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Actions, not words
Bernanke gets that the markets are hanging on his every word - so he plays it close to the chest. While I disagree with the monetary policy he has chosen to pursue in response to the crisis, I believe the unprecedented actions taken by the Fed in recent days speak far louder than anything Bernanke said before Congress. This factor, along with the increased frequency of communications seems to have succesfully eased the tendancy for the market to try to "read the tea-leaves" and react strongly the Chairman's every word. Perhaps we're begging to see a "decoupling" (to use a buzz-word of the day).
And thanks Andrew - While the rest of Salon seems to be happily turning itself into a content-free echo-chamber, your column is still thoughtful, informative and factual...