Bernanke's assessment of recovery could boost stock rally

02/22/2010 | Reuters

Investors are eager to hear Federal Reserve Chairman Ben Bernanke's take on the economic recovery and the central bank's move to boost its discount rate. A reassuring assessment from Bernanke, along with improved retail earnings, could help Wall Street's ongoing rally. "We will be watching for more confirmation of which track the Fed is on," said John Praveen, chief investment strategist at Prudential International Investments Advisers. "We will be looking for more color on the timing of the [exit strategy]."

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