Barker on the Market
May 11, 2006—Mike Barker, Investment & Retirement Management discusses the market’s reaction to the statement issued by the Federal Reserve Open Market Committee on Wednesday, and some of the press reports interpreting that statement. Barker also discusses the comments made to a journalist by the new Fed chairman Ben Bernanke at the recent Washington social function and the repercussions of those comments. Barker also evaluates some of the recent positive economic news and oil prices and the threat it holds for inflation, future moves on the part of the Fed and its possible affects on the market.