What constitutes a substantial improvement in the labor market? On Wednesday, March 20, 2013, Federal Reserve (Fed) Chairman Ben Bernanke held the first of four press conferences scheduled for this year at the conclusion of the Federal Open Market Committee’s (FOMC) meetings on March 20, June 19, September 18, and December 18, 2013. While Bernanke’s Q&A session generated plenty of headlines (and tweets), he really did not say anything the market…

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