Fed Chairman Makes No Mention Of New Stimulus
Ben Bernanke, testified before congress, stating that he is prepared to take some unspecified action but has given no indication that he is going to do anything. The stock markets reacted by heading into the positive, up over 100 points during Bernanke’s testimony. Perhaps this market is referring to the stimulus firmly announced by China. Maybe China’s stimulus is more important to our market then the ambivalent statements from Ben Bernanke. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to discuss the state of the economy and what Ben Bernanke may or may not do about it, or what President Obama can and cannot do about it.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.