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Bernanke Signals Fed Is Ready to Prop Up Economy (QE2 On the Way - Rev Up the Printing Presses)
Wall Street Journal ^
| 8/27/2010
| Sewell Chan
Posted on 08/27/2010 11:36:27 AM PDT by mojito
JACKSON HOLE, Wyo. The Federal Reserve chairman, Ben S. Bernanke, said Friday that the central bank was determined to prevent the economy from slipping into a cycle of falling prices, even as he emphasized that he believed growth would continue in the second half of the year, albeit at a relatively modest pace.
To help sustain the economy, Mr. Bernanke gave his strongest indication yet that the Fed was ready to resume its large purchases of longer-term debt if the economy worsened, a move that would add to the Feds already substantial holdings.
We have come a long way, but there is still some way to travel, Mr. Bernanke said.
I believe that additional purchases of longer-term securities, should the F.O.M.C. choose to take them, would be effective in further easing financial conditions, Mr. Bernanke told a Fed policy symposium here. He was referring to the Federal Open Market Committee, the panel that sets interest rates, which Mr. Bernanke leads; some members have expressed unease over the prospect of the Fed pursuing any further monetary accommodation.
(Excerpt) Read more at nytimes.com ...
TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: benbernanke; federalreserver; quantitativeeasing
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To: mojito
Eliminate the USA by collapsing the economy. Printing more money is exactly the thing that will expedite the collapse.
This is no mistake they are making, these people and the three administrations before them are all traitors and should be treated as such.
To: Shermy
The deflation fear is pseudo intellectual tinsel. I use the bucket-with-a-hole-in-it model. No matter how much water you put into the bucket, it won't fill. The Fed may moderate the pace of deflation but it can't really stop it anymore.
22
posted on
08/27/2010 12:56:30 PM PDT
by
garbanzo
(Government is not the solution to our problems. Government is the problem.)
To: LibLieSlayer
One day firing squads will be busy... if we survive this crap. I'm going to survive strictly out of spite.
When these evil woodchucks pop their heads up after the collapse, I want to personally educate them on the advantages of staying permanently out of sight.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
23
posted on
08/27/2010 1:08:10 PM PDT
by
The Comedian
(Evil can only succeed if good men don't point at it and laugh.)
To: The Comedian
I am prepared also... we will all work together to restore what once was... before communism and sharia infected our Republic. I will survive along with you so that we may enjoy that spite!.
LLS
To: mojito
25
posted on
08/27/2010 1:32:43 PM PDT
by
paulycy
(Demand Constitutionality Now: Islamo-Marxism is Evil.)
To: mojito
All of this is posturing on The Fed and Bernanke’s part. The Fed in reality is out of bullets. There is really nothing from any kind of practical or otherwise standpoint to do.
They blew Trillions of $ and have basically nothing to show for it.
Yes the market bought all of this BS$ today but that will prove to be illusory, I believe the market is on a downward track and will resume that course in due time.
To: LibLieSlayer
I will survive along with you so that we may enjoy that spite!. Justice is coming...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
27
posted on
08/27/2010 1:41:24 PM PDT
by
The Comedian
(Evil can only succeed if good men don't point at it and laugh.)
To: The Comedian
To: Perdogg
More free money. Yip Yip Yahoo! Bernake is Obamas enabler in chief.
To: The Comedian
30
posted on
08/27/2010 2:02:21 PM PDT
by
mojitojoe
("The Arabic call to prayer is one of the prettiest sounds on Earth at sunset." punk in chief)
To: The Comedian
31
posted on
08/27/2010 3:04:21 PM PDT
by
LomanBill
(Animals! The DemocRats blew up the windmill with an Acorn!)
To: garbanzo
So then, are you looking at us repeating Japan’s lost 2 decades, or a deflation with more economic contraction than Japan?
32
posted on
08/27/2010 3:46:30 PM PDT
by
Freedom_Is_Not_Free
("I am pessimistic and fighting become despairing," Thomas Sowell to Walter Williams, 8-24-10.)
To: mojito
Just send us each $6000 and see if THAT will boost the economy.
Kidding.
To: The Comedian
34
posted on
08/27/2010 8:05:59 PM PDT
by
GVnana
(I'm a Mama Grizzly)
To: Freedom_Is_Not_Free
I won’t make a prediction on how long it will last, but printing more money won’t change US demographic trends or the jobless rate by much.
35
posted on
08/28/2010 5:26:46 AM PDT
by
garbanzo
(Government is not the solution to our problems. Government is the problem.)
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