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February 28, 2012

Federal Reserve Chairman Ben Bernanke is scheduled to deliver his semi-annual testimony on monetary policy to Congress (colloquially known as the Humphrey Hawkins speech) on Wednesday, speaking before the House Financial Services committee at 10am ET. “I don’t expect any surprises in the written testimony but the Q&A portion could be interesting,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “This is the new era of transparency and [the Fed] has been trying to be more detailed and descriptive.”

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