Strap yourself in, I hope we are ready and prepared for the ride, we are cranking up the printing presses…destination…first stop inflation…final stop…hyper-inflation…
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Bernanke Makes Case for Further Fed Moves to Boost Economy
By JON HILSENRATH
Federal Reserve Chairman Ben Bernanke made a case for new steps by the central bank to boost economic growth, saying inflation was running below the Fed’s objective of 2% and that the economy was on a course to grow too slowly to reduce unemployment.
Bernanke made a case for new Fed action to boost growth, saying inflation is running below the bank’s objective of 2% and that the economy is growing too slowly to reduce unemployment. David Wessel, Evan Newmark and Paul Vigna discuss.
“There would appear—all else being equal—to be a case for further action,” Mr. Bernanke said in prepared remarks for a conference on monetary policy at the Federal Reserve Bank of Boston.
The Fed is considering whether to restart a program of purchasing long-term Treasury bonds to push down long-term interest rates and boost growth. It next meets Nov. 2 and 3, and investors expect the Fed to proceed with such a plan at (more…)
myBlessedHope 