Stocks turn lower on report Bernanke feels 'misunderstood'
NEW YORK (MarketWatch) -- U.S. stocks turned lower Monday after a CNBC anchor said Federal Reserve Chairman Ben Bernanke had told her that the markets had misunderstood his congressional testimony, interpreting him as more dovish than he was on interest rates. Noted CNBC news anchor Maria Bartiromo announced on the air that she had a private conversation with Bernanke at a Washington dinner on Saturday and Bernanke told her that the media misunderstood his remarks. In testimony to Congress on Thursday, Bernanke said: "there is ... the possibility that if there is sufficient uncertainty, that we may chose to pause, simply to gain more information to learn better what the true risks are and how the economy is actually evolving." Bartiromo said that Bernanke told her that he was trying to create flexibility for the central bank and data would determine rate moves The Dow Jones Industrial Average ($INDU : Dow Jones Industrial Average News , chart, profile, more Last: 11,346.81-20.33-0.18%
(I would also really, really like to know what "a CNBC anchor" had in short holdings today...)