Summary
WASHINGTON, D.C. - Wall Street had looked to the Federal Reserves new plain-speaking chairman to cut through the Greenspeak of his predecessor. But investors think theyre getting contradictory signals from Ben Bernanke, too, with his latest sending stocks into a nosedive.
Stocks dropped Tuesday for the second straight day, with the Dow Jones industrial average falling to its worst close since early March. The Dow, which had plunged more than 110 points earlier in the session, narrowed losses to finish down 46.58 at 11,002.14.See the full content of this document
Extract
Investors Flustered by Fed Chief
Bernanke, who took over the Fed helm on Feb. 1 after longtime chairman Alan Greenspan retired, has gotten off to a bumpy start in communicating the central banks interest-rate intentions to Wall Street.
The power of the Fed chief comes not only fro...See the full content of this document
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