Why Bernanke's Words Don't Matter to Investorshttp://www.fool.com/investing/general/2013/07/17/why-bernankes-words-dont-matter-to-investors.aspx Alex Dumortier, CFA
July 17, 2013
U.S. stocks are little changed this morning as Federal Reserve Chairman Ben Bernanke begins his two-day round of testimony on Capital Hell, with the S&P 500 (INDEX: ^GSPC) and the narrower, price-weighted Dow Jones Industrial Average (INDEX: ^DJI) up 0.28% and 0.1%, respectively, as of 10:10 a.m. EDT.
Everything you need to know about the Fed chairman's testimony
In his prepared testimony at the hearing before the Committee on Financial Services, which began at 10 a.m. EDT, Bernanke reiterated the provisional "taper" calendar the Fed laid out last month, according to which it would begin to reduce its monthly bond purchases later this year before ending them roughly midway through 2014. However, he was careful to qualify