Page 36 - Fed Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> we look at it and it's a gut feeling. we ask the question, is the fed using the right tools to achieve its objective? the answer is no. it doesn't have perfect tools. it's using very imperfect tools. as a result of that, the benefits that come with what it's doing is associated with cost and risks. at some point the cost and risks are going to become material. think of the fed as impacting the destination to good outcome, but it is not in control of the destination. for that it's going to need help from washington and is going to need help from the rest of the world. >> austin goldsbee, was...

Down in the country because of the sequester. ceos were scared, the small business people held back, bankers would tell you that. only ben bernanke, fed chief, got this right. he seemed to understand that the country's hiring is really coming back down. >> but why? is it the sequester? >> yes. it was fear that the sequester would cause massive layoffs. go back in time. a month ago, what was the rhetoric of the white house? it was, look, this is a really big deal. everyone has to just stop and consider how bad this is going to be for the economy. the ceos have considered it and said, you know w...

Irrational exuberance has its values. >> that time, we were having a run like this, the fed chief was concerned that this thing was overdone. and look at the stock market cha chart. you can see after he ushered those words, the stock market kept going up for a long time. that's the point here. people are concerned they're going to miss out on what is the most lucrative part of a bull market, the last fumes of it. that's why people are unwilling to give up on the assent of the stock market. the new fed chief, ben bernanke, he doesn't see an equity bubble. he is also spending $85 billion a month...

Morning. and we've been counting the dow's winning streak every day. >> happy. >> very good. there's a milestone today. >> the blue chip average has risen for nine-straight sessions. something we haven't seen in more than 16 years. our christine romans is tracking it all for us. >> remember that movie "fargo"? that was the last time you saw a winning streak like this. "fargo" was in the movie theaters. just to give you perspective on how rare and long ago that actually was. i know. 1996. a long, long time ago was the last time you saw the stock market have a run like this. and this morning, do...

Bernanke, fed chief, may not stand for a third term which some think could can mean changes essentially or the end to the everlasting money printing that the market has kind of become hooked on. those were the things that were weighing on the mark yesterday. today, we've got a number of big companies like boeing coming out with stronger profits. that's good calming the market down and we got economic data in the form of new home sales which were the best since april of last year. >> the tech sector was abuzz yesterday because the new ipad mini was unveiled but the stock took a hit. >> right. a...