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Bernanke says scope for more Fed easing ( Wed letter to HOUse oversight Chair Issa )
Marketwatch ^ | Aug. 24, 2012, 1:25 p.m. EDT | By Steve Goldstein, MarketWatch

Posted on 08/24/2012 10:57:50 AM PDT by Ernest_at_the_Beach

Edited on 08/24/2012 11:07:37 AM PDT by Admin Moderator. [history]

WASHINGTON (MarketWatch) — Federal Reserve Chairman Ben Bernanke says there’s room for the central bank to take more action in responding to critical questions from a top lawmaker on Capitol Hill.

U.S. Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington July 17, 2012.


(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: bernanke; election2012; fedreserve; obama; romney

1 posted on 08/24/2012 10:57:55 AM PDT by Ernest_at_the_Beach
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To: All
U.S. stock higher on ECB report
2 posted on 08/24/2012 11:04:35 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Nachum; blam; SierraWasp
****************************************EXCERPT****************************************

To the charge reduced interest income to savers from quantitative easing is a “tax” on savers, Bernanke responded that it’s in everyone’s interest, both savers and borrowers, to have an economy performing at highest level of capacity.

***************************************************************

Old folks ..... need to spend I guess......

3 posted on 08/24/2012 11:11:49 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: All
The Gold plank in the Republican plank getting discussed....heard about it on Kudlow last night....is looking good.

The Fed is really doing damage to the dollar in their quest to support Obama.!!!

4 posted on 08/24/2012 11:14:34 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Admin Moderator
Reuters has the image restricted ???

Damn,...I didn't know that.....!!

5 posted on 08/24/2012 11:19:50 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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To: Ernest_at_the_Beach
Bernanke must have ordered another trainload of paper and green ink.


6 posted on 08/24/2012 11:23:16 AM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: Iron Munro

It’s all electronic transfers now.
Inflation at zero incremental cost, LOL.


7 posted on 08/24/2012 11:24:50 AM PDT by nascarnation
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To: Ernest_at_the_Beach

Well I quit spending and quit working too. Take that azzholes!


8 posted on 08/24/2012 11:25:10 AM PDT by sheana
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To: Ernest_at_the_Beach
There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery,”

the Fed is just like a drug dealer giving addicting drugs to an addict that is becoming tolerant and needs a larger and larger dose just to get the same high. When the drug wears off the addict goes into withdrawal and the larger and larger dose becomes more and more toxic to the system until the symptoms of the side effects are worse than the withdrawal symptoms.

9 posted on 08/24/2012 1:18:45 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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