Wednesday, May 22, 2013

Fed Stimulus still Essential to Recovery, says Bernanke

            Today, Federal Reserve chairman Ben Bernanke told Congress he needs to maintain interest rates at record lows in order to continue to alleged economic recovery.  As he does at every Congress hearing, he further pressed Congress to get its act together, reminding our elected officials that he only has so many tools.  It should be asked, however, if Bernanke only has a select amount of tools, and as he is human only has a select amount of knowledge, should he be trusted to supply neverending cheap money to markets, thus creating bubbles in the face of an actionless Congress?

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