Some bond investors trust Bernanke more than Greenspan

05/6/2013 | Bloomberg Businessweek

Some investors are becoming increasingly convinced that when the Federal Reserve begins to unwind its record-setting balance sheet, Chairman Ben Bernanke will do so without the volatile aftereffects that his predecessor, Alan Greenspan, sparked in a similar situation in 1994. "The Fed has been very transparent and their transparency should help offset the risks that were experienced in 1994," said Edward Fitzpatrick of JPMorgan Chase. "... The Fed will have time to craft their message well."

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