some airlines had raised taxes a
p
pre
preemtive move in case they had
to pay those taxes.
>>> and now we have cnbc's john
harwood joining us.
keeping the interest rates
through 2013 low, and is that
what we wanted to hear?
the market is responding well up
215 points?
>> well, jonathan, the wild
gyrations in the market that
andy was describing shows that
the market are trying to figure
out what is going on just like
we are.
they don't have a better or
clearer picture than anybody
else.
i do think that some in the
markets wanted to see the fed
act more decisively and go with
a quantitative easing of qe-3 to
pump more cheap money or
long-term money into the economy
and the counter pressures you
saw to that, and you will see
that the dissents, and the
planting of the seeds of future
inflation and driving down to
value of the dollar and all of
those things are forces acting
on ben bernanke, and signalling
that he is going to keep the
rates low for an extended period
of time through 2013,...