That alleviated some of the concern in the market that we saw on friday. When stocks tumbled when another fed official said an Interest Rate hike may be just around the corner. But todays speech by brainard was the last appearance ahead of next weeks meeting of policy makers. Her cautious language sent stocks sharply higher. The Dow Jones Industrial average climbed 239 points to 18,325. The nasdaq added 85, and the s p 500 jumped 31. We begin with two reports tonight. Bob pisani tells us why the markets are being whip sawed by the fed, but first Steve Liesman on what exactly Central Bank Officials said and where the feds voting members stand. Lots of fed speak today. But the market taking its cue from brainard who made a fullthroated case. Brainerd has a permanent vote and said the fed has not been hitting its inflation targets and there are risks from abroad and a stronger dollar that the fed should watch carefully. To the extent that the effect on installation of further gradual tigh
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