Detailed text transcripts for TV channel - MSNBC - 20130728:14:17:00
Highly accommodative monetary policy for the foreseeable future is what's needed in the u.s. economy. >> okay. translation? after rattling markets in june and july fed chair ben bernanke made clear that the nation's central bank will continue to prop up the economy, most crucially by keeping interest rates low. the day after he said that the dow rallied. 170 points to just under 15,500. at the time an all-time high. so what's going on with the emotions of this thing? like i want to believe that economics is a science. but i look at something like that and i think, oh, no, no, no, this is magic...
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