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Fed and Market Agree: Recovery Is Not Proven
CNBC.com | April 09, 2012 | 03:38 PM EDT

Federal Reserve officials have multiple chances this week to redirect market expectations for additional quantitative easing in the wake of the disappointing Friday jobs reportand markets will be watching closely whether those opportunities are taken.

Nine of the 17 members of the Federal Open Market Committee will speak this week (some of them multiple times), including speeches by Fed Chairman Ben Bernanke that will bookend the week. Both of the chairman’s speeches will be related to the financial crisis and not monetary policy or the economy, but he’ll answer questions from the audience that could broach either topic. Fed Vice Chair Janet Yellen might offer the most important real clues as to how the Fed processed the disappointing 120,000 March jobs in her speech Wednesday in New York. Former Fed Vice Chairman Donald Kohn sometimes served as an advanced guard for the thinking of Chairman Alan Greenspan and in general, the vice chairman’s positions don’t stray too far from those of the boss.

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