Posted on 07/21/2009 8:55:21 AM PDT by fiscon1
Ben Bernanke has taken to the Congress and the media to try and assure the country that when the time comes he will do all that he can to avoid inflation. These steps include: raising the Fed Funds Rate, reduce their balance sheets by about $200 billion, increasing the interest the Fed pays on reserve, and fourth they will sell back some of the securities they have bought, both recently and in the long term. All of these would be effective tools in curbing potential and likely upcoming inflation.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
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