The Market Traders

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Ben Bernanke

Bernanke Has Already Told Us: More Stimulus Is Coming

Andy's picture
Tue, 09/11/2012 - 11:49am -- Andy

Let us begin by stipulating that Federal Reserve Chairman Ben Bernanke will be damned if he does and damned if he doesn't on Wednesday.  If he introduces a new bond-buying program or some other nontraditional policy to goose the economy, Republicans will accuse him of debasing the currency, creating the conditions for the next great inflation and encouraging another cycle of capital misallocation. If he doesn't introduce anything, Democrats will blame him for not doing his job to promote price stability and maximum employment, as specified by the Fed's dual mandate.

Barney Frank's Turn at Bat

Sun, 05/08/2011 - 9:40pm -- editor

By Fred Sheehan

Congressman Barney Frank from Massachusetts is not worth a blog. That goes for his recent proposal, too. It is worth a moment to understand the inconsequentiality of Frank's mischief and, more importantly, the amount of time that can be saved by ignoring Fed pronouncements. To come to the point: there is not one word flushed from the Federal Reserve machinery that bears on monetary policy other than the Fed chairman's propaganda.

Politics of Inflation

Thu, 02/17/2011 - 2:10pm -- editor

[[wysiwyg_imageupload:1739:]]By Axel Merk

In arguing food inflation is not the Federal Reserve's (Fed's) fault, Fed Chairman Bernanke points the finger at everyone but him. Just as with a lot of Bernanke's policies, his argument may hold in an academic setting, but the real world is a bit more complicated.

Summarizing the greatest money printing experiment in monetary history, Bernanke proudly stipulates that the program has been "effective", because:

Ryan confronts Bernanke over Fed’s purchases of U.S. debt, raises concerns about the dollar

Andy's picture
Wed, 02/09/2011 - 2:50pm -- Andy

House Budget Committee Chairman Paul Ryan challenged Federal Reserve Chairman Ben Bernanke’s policy of so-called quantitative easing – the printing of new U.S. dollars to buy government debt – and raised concerns that a weakened dollar and inflation could cause the loss of the currency’s global reserve status.

 

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