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Fed Comments Lower Stocks for Second Session of New Year

Fed Comments Lower Stocks for Second Session of New Year (Bloomberg)

The S&P has fallen for a second consecutive session to begin 2014 thanks to comments from outgoing Federal Reserve Chairman Ben Bernanke on the state of the U.S. economy. “The combination of financial healing, greater balance in the housing market, less fiscal restraint, and, of course, continued monetary policy accommodation bodes well for U.S. economic growth in coming quarters,” Bernanke said today in remarks prepared for a speech in Philadelphia. Bernanke’s tenure as chairman ends Jan. 31.

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