Wednesday, Feb 10, 2010
Preparing to change course
Reuters: Bernanke lays out vision for Fed monetary exit
"Fed Chairman Ben Bernanke detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so". "The Fed will also return its vast array of emergency lending measures to pre-crisis norms, including raising the discount rate and shortening the duration of loans at its emergency lending window, Bernanke said".
Posted by alan @ 07:59 PM (307 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. hpwatcher said...
He has said - if I remember the quote correctly - interest rates will remain low for a long time - some exit.
I don't think this guy has an exit strategy, but check this:-
Does Bernanke Have an Exit Strategy?
http://www.youtube.com/watch?v=dZf3Qye0BtQ&feature=related
2. freemanphil said...
Like the alcoholic, Bernanke will reform at some undisclosed point in the future. But, he is currently drunk on liquidity. Lets see what he says when he is sober or hung over?
3. freemanphil said...
Hicup. Cripes, bad headache this morning, oh, what is that bottle of queasing? 10,000%? That'll do the job.