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Transcripts For BLOOMBERG Lunch Money 20131220

Estimated. We saw consumers increased spending on health care. The backdrop, the Federal Reserve is beginning to taper its stimulus program, and ben bernanke is getting some of the credit for the recovery. I think ben bernanke has done an outstanding job. He came in at a time of uncertainty and used the Monetary Policy to great effect. You are seeing another great example of his leadership. I think there is clear transition to the next fed chair. He has made it clear that that policy is going to continue. A very datadriven policy. If the labor market continues to improve and g. D. P. Growth is strob, the fed will continue to taper. The important thing evans learned is we are going to get a continuity of policy, a new leader of the fed who will continue to be data driven and thoughtful. Of course the fed will always have critics. If the fed would only buy into the propositio ....

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