by Calculated Risk on 7/10/2013 08:28:00 PM

From the WSJ: Fed Affirms Easy-Money Tilt

"You can only conclude that highly accommodative monetary policy for the foreseeable future is what's needed in the U.S. economy," he said Wednesday at a conference held by the National Bureau of Economic Research, citing the high unemployment rate, low inflation and "quite restrictive" fiscal policy. He said he expects the Fed won't raise short-term rates for some time after the unemployment rate hits 6.5%, which would be more than a full percentage point lower than its current level.
...
Mr. Bernanke, speaking at Wednesday's conference, said he was "somewhat optimistic" about the economy. However, he noted the June unemployment rate of 7.6% "probably understates the weakness of the labor market," inflation is running below the Fed's 2% objective and fiscal policy is quite restrictive.

I just don't see tapering in September unless the economy clearly picks up in July and August.  However many analysts think tapering is a "done deal".

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a decrease to 337 thousand from 343 thousand last week.