“Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed’s easy-money policy is still necessary, throwing cold water on fresh market expectations that the Fed’s stimulus would soon be ended. Bernanke told an audience of economists in Cambridge, Massachusetts, that the jobs market remains too weak and inflation remains too low for comfort. He also warned that the full impact of steep government spending cuts initiated in March was yet to be seen. Together, the evidence underscored the need for the Fed to keep in place its highly accommodative monetary policy, he said.”
http://www.rawstory.com/rs/2013/07/10/ben-bernanke-says-federal-reserve-stimulus-still-needed/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
NSA mass collection of phone data is legal, federal judge rules
The Saudi Town on the Frontline of Yemen's War
IRS exposed Social Security numbers of tens of thousands of political donors
Indian starving children’s fund used to fix buses
Gold Fund's Collapse Rattles Poland
U.S. Admits For First Time It Used NSA Surveillance in Criminal Case
Walmart robber's attempted carjacking thwarted twice by drivers pulling out guns
Thai PM uses cardboard cutout to avoid questions
Man Choked To Death By NYPD For Selling Cigarettes
Aide to man with Down syndrome killed by police in theater had warned police, report says
Danish police prosecute 1,000 youngsters for sharing viral sex video
Nasdaq plans bitcoin futures contract in 2018, joining CME and CBOE
Mongolia looks for second chance with foreign investors
Scotts to pay over $10 million in fines for pesticide imports, recalled bird feed
Financial services in developing countries