EconWatch.com > Bernanke to GOP: Stop Sabotaging the Economy | Mother Jones
[Kevin Drum Feed | Mother Jones] Another factor likely to weigh on the U.S. recovery is the increasing drag being exerted by the government sector. Notably, state and local governments continue to tighten their belts by cutting spending and employment in the face of ongoing budgetary pressures, while the future course of federal fiscal policies remains quite uncertain....
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[Custom Home Builders in Abilene | Bastrop | Possum Kingdom | San Angelo | Austin Texas] Bernanke on Deficit Spending | Custom Home Builders in Abilene ...: Bernanke fretted about the “increasing drag being exerted by the government sector. Notably, state and local governments continue to tighten their belts by cutting spending and employment in the face of ongoing budgetary pressures, while the future course of federal fiscal policies remains quite uncertain.”
[GPB News Feed] Bernanke: Economic Outlook Has Deteriorated: than they had been forecasting just four months ago, Chairman Ben Bernanke told Congress this hour. There has been, he .
[Notes and Rests Make Music] Fed Chief Bernanke to GOP legislators: stop sabotaging the economy: Notably, state and local governments continue to tighten their belts by cutting spending and employment in the face of ongoing budgetary pressures, while the future course of federal fiscal policies remains quite uncertain….In setting tax and spending policies for now and the future, policymakers should consider at least four key objectives. One crucial objective is to achieve long-run fiscal sustainability….A second important objective is to avoid fiscal actions that could impede the ongoing economic recovery.
[RealClearPolitics - Articles] RealClearPolitics - Bernanke's Testimony to the Joint Economic ...: And at our meeting in September, the Committee announced that it intends to increase the average maturity of the securities in the Federal Reserve's portfolio. Specifically, it intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of Treasury securities with remaining maturities of 3 years or less, leaving the size of our balance sheet approximately unchanged.
[CBS MoneyWatch.com RSS] Bernanke: Fiscal Policy is of Critical Importance - CBS MoneyWatch ...: Recent speeches from Federal Reserve policymakers have emphasized how much the Fed is already doing, and they have conveyed resistance to doing more. I still think further action will be a tough sell on the committee, but this speech makes me think further action is more likely than I thought.
[ForexLive] Bernanke: Recent Data Point To More Sluggish Job Grwth Ahead ...: Bernanke said in prepared testimony to the Joint Economic Committee that .the U.S. recovery is the increasing drag being exerted by the government .
[PRAGMATIC CAPITALISM] 10 ECONOMIC MYTHS THAT PERSIST | PRAGMATIC CAPITALISM: Also I know this is unorthodox, but it is understandanle, I fail to believe that Bernanke, the most important person in the world (my opinion) does not grasp a concept that I a casual trader can grasp. What about those who work at investment bank and hedge funds, its there business to know.
[Examiner Business RSS] Bernanke offers no hints of further aid to economy | The Examiner ...: Some economists suggested that Bernanke might be hesitant to elaborate on the Fed's policy options because of the opposition he faces on its interest-rate setting panel. Three members of the panel dissented at the August meeting, when the Fed said it planned to keep short-term rates at record lows at least until mid-2013 as long as the economy remains weak.
[The Lake Team] The Lake Team » Bernanke Blames Politics for Financial Upheaval: The Feds deliberations also reflect the reality that monetary policy exerts only a gradual influence on economic activity, so that central bankers must keep their eyes on the horizon. As the Fed believes that the pace of growth will increase, by the time a new round of stimulus would be felt, it might no longer be needed - and indeed could result in faster inflation.
[From the Editors Blog RSS | MoneyWatch] Bernanke Puzzled by Weakness, Warns Against Cuts - CBS ...: Some economists suggested that Bernanke might be hesitant to elaborate on the Fed’s policy options because of the opposition he faces on its interest-rate setting panel. Three members of the panel dissented at the August meeting, when the Fed said it planned to keep short-term rates at record lows at least until mid-2013 as long as the economy remains weak.
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