U.S. stock futures popped three or four points at 8 a.m. ET as Federal Reserve Chairman Ben Bernanke, in a speech to the National Association for Business Economists, once again moved markets on what he didn't say: He did not specifically rule out a third round of quantitative easing .
Bernanke seems unconvinced that recent gains in jobs will be sustainable. He is very aware (stuck, some would say) about the problems of the 1930s, the mistake of raising rates too early (in 1937), and he is going to refuse to take his foot off the brake until he sees the whites of the eyes of American workers — with jobs.
Of course, many argue that that approach waits too long and risks inflation .
Pimco Founder Bill Gross tweeted Sunday that the Federal Reserve will probably hint at a third round of quantitative easing when policymakers meet in April. Central bank policymakers under Bernanke upgraded outlook for the domestic economy at their March 13 meeting, while reiterating they will keep rates near zero through late 2014.
The U.S. 10-year yield touched 2.399 last Monday, rising from a record low 1.6739 hit last September.
Elsewhere:Page 1 of 4 | Next Page