Plosser, not Bernanke, the biggest market mover
Charles Plosser, the hawkish president of the Philadelphia Federal Reserve, caused more market movement with his speeches last year than Fed chairman Ben Bernanke, according to analysis published on Thursday.
Research by Macroeconomic Advisers, a US consultancy, showed Plosser's speeches moved the yield on two-year treasury bills by an average of 2.2 basis points per speech, against Bernanke's 1.9 basis points. The Fed chairman still had the largest total impact on yields, moving them by 43
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