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(From Guardian Unlimited)
Federal Reserve chairman Ben Bernanke just had one of the most surprising press conferences of recent years, in which he indicated, in specific terms, the long-awaited end of the central bank's intervention in the markets.
Bernanke told Fed watchers to look out for higher interest rates when unemployment, currently at 7.9%, hits 6.5%. He also said he was willing to see higher rates of inflation hit the economy.
At least, we think that's what he said.
The experts are still translating Bernanke's trademark obscure financial patois.
Scott Minerd is the chief investment officer of Guggenheim Partners, where he oversees around $160bn. Like many other investors, he …