Mr. Bernanke continues to get accolades from Wall Street investors and analysts for his strenuous efforts to resuscitate the economy and markets.
Ward McCarthy, managing director at Jefferies & Co., applauded the Fed chairman’s lectures and other appearances as an “admirable effort” to demonstrate the Fed’s transparency and “get the message out” in a powerful way that moved markets.
“The Bernanke Fed will not repeat the mistakes of the 1930s,” he said. “Chairman Bernanke will not preside over the next Great Depression and wants the world to know why he continues to see a need for providing stimulus to the economy and support for the banking system.”
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