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Bernanke: US economy still needs Fedís stimulus
Associated Press ^ | Jul 11, 2013 12:02 AM EDT | Martin Crutsinger

Posted on 07/11/2013 7:28:35 AM PDT by Olog-hai

Chairman Ben Bernanke said Wednesday that the U.S. economy still needs help from the Federal Reserve’s low interest rate policies.

Bernanke told the National Bureau of Economic Research that because unemployment remains high and inflation is below the Fed’s target, the policies are still necessary. He also said the economy is being held back by higher taxes and federal spending cuts. …

Stock index futures rose as Bernanke spoke. The Standard & Poor’s index futures were up eight points, or 0.5 percent, at 1,656 as of 5:40 p.m. Eastern Daylight Time—shortly after Bernanke wrapped up his remarks.

Bernanke’s comments were his latest effort to stress that the Fed will continue to stimulate the economy, even after it begins to slow $85-billion-a-month in bond purchases that have kept long-term interest rates down. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: bernanke; federalreserve; fiatcurrency; helicopterben

1 posted on 07/11/2013 7:28:35 AM PDT by Olog-hai
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To: Olog-hai

“You’re gonna want more cowbell!”


2 posted on 07/11/2013 7:36:02 AM PDT by Uncle Miltie (If you’re happy and you know it clank your chains!)
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To: Olog-hai
Stuff a sock in it, Bernanke. The taxpayers are getting tired of propping up unions.
3 posted on 07/11/2013 7:36:05 AM PDT by fatnotlazy
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To: Uncle Miltie

As I was driving into work today, I kept spraying ether into my air intake so my engine wouldn’t die.


4 posted on 07/11/2013 7:37:06 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Uncle Miltie

Ought to be worth 200 points on the Dow.


5 posted on 07/11/2013 7:40:13 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: Olog-hai

Mr. B wants to prop up things a bit more so that there is more distance to taper later.


6 posted on 07/11/2013 7:41:04 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: Olog-hai

Bernanke: “We gotta keep printing money so long as the Feds run such high deficits.”


7 posted on 07/11/2013 7:45:28 AM PDT by henkster (The 0bama regime isn't a train wreck, it's a B 17 raid on the rail yard.)
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To: Olog-hai
Insanity: doing the same thing over and over
again and expecting different results.
Albert Einstein

8 posted on 07/11/2013 7:48:05 AM PDT by Uriíel-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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To: Olog-hai
The whole market is filth. They support using Bernakeeeee money and the Fed needs to be removed from money making.
9 posted on 07/11/2013 7:50:43 AM PDT by Logical me
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To: Olog-hai

What the US economy needs is Constitutional Govt. What the US Economy needs is to get rid all all unconstitutional agencies.


10 posted on 07/11/2013 8:20:52 AM PDT by SilverMine (silver@mainetv.net)
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To: Olog-hai

Ever get the feeling the best thing the next POTUS could do is appoint a deaf mute to head the Fed?


11 posted on 07/11/2013 9:05:51 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

Well, at least he won’t sound like Zilly from “Dastardly and Muttley” while making public announcements.


12 posted on 07/11/2013 12:33:06 PM PDT by Olog-hai
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