Whether or not the “addictive drug” will be injected into the US financial system soon may not be answered in Friday’s Bernanke speech, but await further economic reports on employment and manufacturing due out next week to justify or not the Fed’s stated reliance on concrete economic data for additional monetary stimulus actions. Instead, Bernanke’s titled “Monetary Policy Since the Crisis” suggests a tablet for presenting the benefits garnered by previous accommodation acts, and if hints are to be found, they may have to be construed from such interpretations of previous actions. |