The Day Today

"The Day Today" - 21 May 2014

* Fed’s Dudley gave a key speech on what actually will happen when the exit begins, covering in detail more about the reverse report market the Fed could use to withdraw liquidity….

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"The Day Today" - 19 May 2014

* Ben Bernanke (remember him?) has been spreading the word about “lower for longer” at a series of $250k dinners with wealthy investors. One attendee claimed Ben had said rates would be unlikely to reach the long term average rate of 4% during his lifetime….

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"The Day Today" - 15 May 2014

* The chorus of ECB voices calling for action continues…:
Constancio: This does not mean at all that we are complacent about risks arising from a too protracted period of low inflation……

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