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 ...
“You’re gonna want more cowbell!”
As I was driving into work today, I kept spraying ether into my air intake so my engine wouldn’t die.
Ought to be worth 200 points on the Dow.
Mr. B wants to prop up things a bit more so that there is more distance to taper later.
Bernanke: “We gotta keep printing money so long as the Feds run such high deficits.”
Insanity: doing the same thing over and overAlbert Einstein
again and expecting different results.
What the US economy needs is Constitutional Govt. What the US Economy needs is to get rid all all unconstitutional agencies.
Ever get the feeling the best thing the next POTUS could do is appoint a deaf mute to head the Fed?
Well, at least he won’t sound like Zilly from “Dastardly and Muttley” while making public announcements.
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