President bush announced ben bernankes appointment

Reference no: EM131221854

In 2005, when President Bush announced Ben Bernanke's appointment as Fed chair, the Dow Jones stock index jumped by more than 1 percent in a few minutes.

a. Why do you think that happened?

b. If the United States adopted inflation targeting, how might that affect the reaction of the stock market to Fed appointments? Explain.

Reference no: EM131221854

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