Daily Video Recap (8/27): Bernanke Sparks Some Risk Appetite, Focuses on Recovery

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Uploaded by on Aug 27, 2010

Bernanke outlined what he thinks the central bank will have to do if the economy continues to weaken further. Steps include more quantitative easing or lowering the rate paid to banks to hold reserves with the Fed. Still, he tried to focus on the sustainability of the recovery, and tried to calm fears over deflation. The result was a rally in stock and risk appetite which helped to power higher yielders higher (like the Euro, Aussie) vs. safe-have assets (Yen and Dollar).

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Market Analyst: Nick Nasad

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