When I said I would not be suprised if the Federal Reserve would lower
interest rates I meant it. On Wednesday, the Fed cut the federal funds
rate by one-quarter of a percentage point to 4. 5 percent. The markets
went up that day only to .
And on the receiving end is Fed chairman
Ben Bernanke facing an increasingly recessionary economy. A worsening
housing situation and the likelihood that significantly more credit
losses lay ahead leave him with what Richard Russell (Dow .
Fast-forward to November 2007 and one cannot help wondering if the US
economy has taken on the guise of a modern-day Hobson really offering
no choice at all. And on the receiving end is Fed chairman Ben
Bernanke facing an increasingly .
The economy still faces slower
growth prospects but increasing inflation concerns could 'complicate'
the Federal Reserve's efforts to stimulate the economy, Fed Chairman
Ben Bernanke told lawmakers Wednesday.
Remember citizens, nothing in
life is free.
WASHINGTON - Federal Reserve Chairman Ben Bernanke said
today that a host of economic problems, including the severe housing
slump, will cause business growth to slow noticeably.
When I said I
would not be suprised if the Federal Reserve would lower interest
rates I meant it. On Wednesday, the Fed cut the federal funds rate by
one-quarter of a percentage point to 4. 5 percent. The markets went up
that day only to .
I'm glad that I'm not the only one who is just a
little miffed at the way that Fed chairman Ben Bernanke and his elite
staff have chosen to handle our economy. My feelings fall pretty much
in line with those of investment genius Jim .
Remember citizens,
nothing in life is free.
The overall negative factors weighing on the
US$ and the US economy will certainly be addressed this morning when
Fed Chief Ben Bernanke testifies before a joint Congressional Economic
Committee. One can expect Bernanke to be grilled .
Although the
Federal Reserve is also worried about inflation, the majority of
Bernanke's testimony focused on the downside risks to growth. He
believes that consumer spending growth could slow materially due to
higher energy prices, .
Bernanke is talking about the wave of resets
about to hit (no sh*t sherlock). He's talking about making sure
subprime problems don't happen again (a bit late there Ben), and is
talking about how the Fed is on schedule to post new fair .
Rep. Gary
Miller, R-Calif. , asks Fed Chairman Ben Bernanke about lowering
mortgage rates.
Rep. Gary Miller, R-Calif. , asks Fed Chairman Ben
Bernanke about lowering mortgage rates.
The overall negative factors
weighing on the US$ and the US economy will certainly be addressed
this morning when Fed Chief Ben Bernanke testifies before a joint
Congressional Economic Committee. One can expect Bernanke to be
grilled .
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke has
warned Congress that the country is in for a period of sluggish
economic growth given the housing bust and credit crunch. He sent a
fresh signal Wednesday that the Fed will .
[For the video, click here
and look under the 'Media' category on the right labeled: 'Jim Rogers
Says Bernanke Is `A Nut' for Cutting Rates']. Certainly a nice dose of
reality to balance the foolish meanderings of the other Jim .
The US
economy not only faces the risk of a sharp slowdown from the housing
market's contraction but also of an inflationary surge from sharply
higher crude-oil prices and the weaker dollar, Federal Reserve
Chairman Ben Bernanke said .
Remember citizens, nothing in life is
free.
WASHINGTON - Federal Reserve Chairman Ben Bernanke said today
that a host of economic problems, including the severe housing slump,
will cause business growth to slow noticeably.
Ben Bernanke has spent
years studying the Japanese example. If we ever got in that sort of
jamb, he says, he'd drop money from helicopters in order to break the
contraction cycle. We're a long way from there. .
Federal Reserve
Chairman Ben Bernanke, who has been devoting a lot of time lately to a
credit crisis that has roiled global financial markets, found a
smaller subject to focus on Tuesday. He sang the praises of
organizations that .
From the Federal Reserve:. Looking forward,
however, the Committee did not see the recent growth performance as
likely to be sustained in the near term. Financial conditions had
improved somewhat after the September FOMC action, .
[For the video,
click here and look under the 'Media' category on the right labeled:
'Jim Rogers Says Bernanke Is `A Nut' for Cutting Rates']. Certainly a
nice dose of reality to balance the foolish meanderings of the other
Jim .
The economy still faces slower growth prospects but increasing
inflation concerns could 'complicate' the Federal Reserve's efforts to
stimulate the economy, Fed Chairman Ben Bernanke told lawmakers
Wednesday.
US stocks swung lower at the opening Wednesday as traders
turned cautious ahead of Federal Reserve chairman Ben Bernanke's
economic address to Congress. A .
When I said I would not be suprised
if the Federal Reserve would lower interest rates I meant it. On
Wednesday, the Fed cut the federal funds rate by one-quarter of a
percentage point to 4. 5 percent. The markets went up that day only to
.
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke has warned
Congress that the country is in for a period of sluggish economic
growth given the housing bust and credit crunch. He sent a fresh
signal Wednesday that the Fed will .
From the Federal Reserve:.
Looking forward, however, the Committee did not see the recent growth
performance as likely to be sustained in the near term. Financial
conditions had improved somewhat after the September FOMC action, .
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