However, the key to the day will be the Bernanke press conference.
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All eyes will be on Bernanke when he delivers a highly anticipated speech to an annual Fed symposium in Jackson Hole, Wyo.
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"I think the Congressmen are going to be pushing Bernanke hard on whether he approves of this proposal, " says Lyle Gramley, a former Fed governor.
Geithner will be in the Bernanke meeting, and then there will be a separate Geithner meeting.
In fact, TD Securities said, one potential catalyst for covering would be if remarks from Federal Reserve Chairman Ben Bernanke should be construed to mean policy-makers were staying the course of quantitative easing.
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Webman says he doubts a QE2 style stimulus plan to be announced by Bernanke or even hinted to.
It should also be said that Bernanke implicitly acknowledged Tuesday the utter failure of his quantitative easing program.
Persistent high unemployment (and the resulting effect on consumer spending) is sure to be giving Ben Bernanke some restless nights.
Earlier this week, Carney indicated that the President will not be pushing Chairman Bernanke toward a third round of quantitative easing, however.
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That gives you 14 months for your bet against Ben Bernanke to be vindicated.
The problem is that Ben Bernanke may be steering monetary policy over a cliff.
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Mr Bernanke may be forced to sit on his hands until he is confronted with a crisis.
To a man, these guys all said that Bernanke must be pretty embarrassed because his QE2 was failing miserably.
Wednesday's announcement comes a day before a Senate Banking Committee vote on whether Bernanke should be given another term.
Also, Bernanke could be a positive catalyst for the stock market with expectations of a policy announcement this week.
This, in effect, is what Alan Greenspan and Ben Bernanke should be because they kept dishing out excess money.
Fed Chairman Ben Bernanke may be the world's leading academic expert on the Fed's mistakes of the 1930s.
Mr Bernanke will be under great pressure to repeat the folly if investors and politicians clamour for more rate cuts.
The worst deal Republicans could make would be to acquiesce to Bernanke in exchange for his support of their spending cuts.
Federal Reserve Chairman Ben Bernanke will be speaking about how some of the financial strains in Europe have eased.
Later today, Federal Reserve Chairman Ben Bernanke will be testifying before the Senate Banking Committee as part of the semi-annual monetary policy report.
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Second, I sincerely doubt that Bernanke will be able to keep his promise to control inflation quickly once he finally admits it has arrived.
The comments from Bernanke will be the most important event for the week, especially if he talks about the current bond-buying program, known as quantitative easing, Haberkorn said.
Bernanke may be making it so that he and his predecessors will have to treat every hiccup in the economy with the equivalent of a monetary Heimlich maneuver.
One important trigger for Bernanke will be U.S. consumer spending.
There should be little surprise that Bernanke remains noncommittal.
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The first is that one day Federal Reserve Chairman Ben Bernanke will be ridden out of town on a rail, joining Arthur Burns in that special circle of hell reserved for monetary debauchers.
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The Fed is currently focused on stoking economic growth, but Bernanke may be betting that the current commodities boom will end, or at least taper off, stabilizing oil prices and easing consumer inflationary pressures.
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