EconWatch.com > The Economy Today: Governments at Work : CJR

[CJR] The Washington Post offers a speculative piece about the threat of inflation, given the massive cash injection into the nation's economy. Fed chairman Ben Bernanke has said that he may raise interest rates before the recession is over, .

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[The Latest on Air America] The Post Worries The Economy Is Growing Too Fast | Air America Media: This one, which encourages readers to worry about the prospect of inflation gets just about everything wrong. More importantly, the article completely misrepresents the problem of inflation and wrongly attributes its inaccurate view to Federal Reserve Board chairman Ben Bernanke.

[FRB: Press Release - All Releases] FRB: Testimony--Bernanke, The economic outlook--May 5, 2009: Chair Maloney, Vice Chairman Schumer, Ranking Members Brownback and Brady, and other members of the Committee, I am pleased to be here today to offer my views on recent economic developments, the outlook for the economy, and current conditions in financial markets.

[theday.Com - Top Stories] TheDay.com - Fed Now Worries About Inflation: Fed Chairman Ben Bernanke has used recent public appearances, including one before the congressional Joint Economic Committee, to offer reassurances that the central bank was “focused like a laser beam” on the tricky question of how and when to pull out of credit markets.

[The Adventures of Accordion Guy in the 21st Century] Ben Bernanke's Commencement Speech for the 2009 Boston College Law ...: I have now been in Washington nearly seven years, serving first as a Fed governor, then chairman of the President’s Council of Economic Advisers.  In the fall of 2005, President Bush appointed me to be Chairman of the Fed, effective with the retirement of Alan Greenspan at the end of January 2006.

[MarketWatch Community - Comments - ken2] Fed chief Bernanke sees economic rebound on tap - MarketWatch: WASHINGTON (MarketWatch) -- Signs of life from the battered consumer and housing sectors raise hope that the severe recession may be bottoming out and that growth could turn positive later this year, Federal Reserve Board Chairman Ben Bernanke said Tuesday.

[Business News] Bernanke: Crisis has 'dominated my waking hours' - Salt Lake Tribune: Federal Reserve Chairman Ben Bernanke addresses the 2009 Boston College Law School graduates, Friday, May 22, 2009, in Newton, Mass. In prepared remarks to graduates of Boston College School of Law in Newton, Mass., the Fed chief offered some rare personal and candid thoughts about dealing with challenges at work and at home.

[Thoughts on Freedom] Can President Obama's Policies Heal the US Economy? « Thoughts on ...: Contrary to the advice the president was given ”” probably by Fed Chairman Bernanke ”” we can suggest that the more government tries to fix the banking sector, the worse things are likely to be. Also, contrary to Bernanke’s views, it is the Fed’s tampering with the US economy during the 1930s that transformed a recession into a depression.

[American Armageddon Judgement Day] Financial Implosion and Stagnation Ahead « American Armageddon ...: Confronted with a major financial crisis beginning in 2007, Bernanke as Fed chairman put the printing press into full operation, flooding the nation and the world with dollars, and soon found to his dismay that he had been “pushing on a string.” No amount of liquidity infusions were able to overcome the insolvency in which financial institutions were mired. Unable to make good on their current financial claims””were they compelled to do so””banks refused to renew loans as they came due and hoarded available cash rather than lending and leveraging the system back up.

[Freakonomics] The Washington Post Profiles Ben Bernanke - Freakonomics Blog ...: The main fault in Levitt’s argument is that he assumes people will not blame Obama for spending billions, trillions on recovery and stimulus without adequate progress in the economy and he assumed Obama will not get any credit if the government does not spend billions, trillions on stimulus. This assumption seems very unlikely.

Left Blog: So whole organizations in DC open up huge warchests and are going to work to sabotage Obama’s plans. For instance the healthcare industry has $20 million for lobbyists to battle Obama’s plan to tax the rich and provide for the poor.

[Chris Martenson Blogs] bernanke - In Their Own Words - Economic Quotes - May. 16, 2009 ...: What impressed me (if they are really his quotes, I think they are) is that he doesn't make it seem simple like Ben and Hank. Instead he seems to prefer intellectualized contradictions (a different kind of BS from simple, condescending lies I guess)....

[Comments for Commentary] Commentary » Blog Archive » When You Print Tons of Dollars, They ...: The dollar skidded to its lowest point in five months this week, battered by creeping fears that Washington’s costly efforts to stimulate the economy are growing harder to finance and may set off an unwelcome bout of inflation. Analysts are increasingly concerned that a rise in prices could hurt consumer spending, deepening the recession.

[The Gaea News] Tracking Federal Reserve Chairman Ben Bernanke's comments on the ...: WASHINGTON - US government officials warned they may need even more money to stabilize the country's crumbling financial sector as they launched a new $1-trillion programme Tuesday designed to unfreeze credit markets. The US Treasury and Federal Reserve said they would begin directly lending up to $200 billion by March 25 to help restart securitisation markets, a critical component of the struggling US economy that provides loans for small businesses, cars, student tuition, credit cards and other core sectors.

[DealBook] Greenspan Says Banks Still Need More Capital - DealBook Blog ...: “There is still a very large unfunded capital requirement in the commercial banking system in the United States, and that's got to be funded,” he said in an interview in Washington that same day, according to Bloomberg News. Mr.

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