Page 34 - Fed Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>>alisyn: as soon as there's talk the fed may be rolled back, investors get scared? >>steve: the dow goes off something like 500 points. the conventional wisdom now is they wouldn't dare taper it off at this point and that is why things are okay? >> they know they will eventually taper. more talk the fed chief says he's going to do that. >>alisyn: is that all the market is based on? not housing, not jobs? >> there is a lot of mixed numbers. we had good economic data yesterday. it certainly does have an impact. consumer confidence, housing, unemployment rate and things like that. so long the st...

Fed chief has done before. basically he's holding a fire hose, spraying $85 billion a month straight into the economy. it can't go on forever. and the obsession on wall street as to when it will end is probably the most important driver of your 401(k) right now. taper joins a list that includes quantitative easing, fiscal cliff, sequester. remember t.a.r.p.? sometimes the jargon sounds greek to the rest of us. speaking of greece, austerity is the word there, opposite of b r bernanke's actions. the message from the fed, take away the training wheels too soon and the economy could crash. but fai...

There's a chance they mess it up and i say the chances are very slim. >> thanks, ben. and there's going to be a new fed chief, because he's getting out of dodge. a disturbing case of alleged forced captivity in ohio. three people have been arrested for holding their mother and daughter captive. we have exclusive video of we're going to show you. it is disturbing. it's hard to watch. but it is central to what might have happened in this case. plus, the man who shot and killed trayvon martin, in court today. we have the latest from george zimmerman's trial. and what does a $7 million yacht l...

And will continue to rise over the long-term. it just means in the interim, we'll have a lot of days like this where traders look at what ben bernanke said. it's unprecedented territory, so it's going to be a rocky ride. there's a chance they mess it up and i say the chances are very slim. >> thanks, ben. and there's going to be a new fed chief, because he's getting out of dodge. a disturbing case of alleged forced captivity in ohio. three people have been arrested for holding their mother and daughter captive. we have exclusive video of we're going to show you. it is disturbing. it's hard t...

Tabs on exactly how this is working. >> my parlance of messy was appropriate, then, is what you're saying? >> very much so. >> dana bash and gloria boriger your shift is extended to at least 2:00, whether you like it or not. i want to move to other news happening on wall street, and it's also messy. you might go further to say it's ugly. here's the start. that is not a good minus sign. the dow losing more than 228 points at this point, and the nosedive takes us below 15,000. look at that. holy cow. investors are now reacting to the fed chief's comments that the pace of stimulus may be reduce...