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Bernanke says Fed not trying to spark inflation

JEKYLL ISLAND, Georgia (Reuters) – The Federal Reserve is trying to help a weak economy with its new $600 billion bond purchase plan, not jump-start inflation, central bank chairman Ben Bernanke said on Saturday.

"We're not in the business of trying to create inflation, our purpose is to provide additional stimulus to help the economy recover and to avoid potentially additional disinflation, which I think we all agree could also be worrisome," Bernanke said.

http://news.yahoo.com/s/nm/us_usa_fed_bernanke;_ylt=Ao.RL1Wl...




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Treasruy: Charge Uncle Ben. Recharge & Replenish our Treasure.

He should report his inflations & exaggerations testimony to the US Treasury. Have him bring his counterfeiting evidence, should he have any untainted evidence left over.

US Treasury has legal authority over such rascillions. Treasury has power to prosecution to the full extent of the law.

IF the Treasury acts on Uncle Ben's hot finger-tips, we might replenish our Treasure.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Bernanke is a

liar. Everyone knows Bernanke wants to create inflation to raise interest rates way high so as to pay back our debtors off with cheap money. Bastard.

Bernanke is a Liar....

but he LOWERS interest-rates to create inflation. the rate of interest is tied to the idea of peoples Time Preference.... future consumption vs. present consumption.

in a free market - interest rates are low when there is an abundance of saved money. the "price" of money is lower because there is an abundance of supply that can be lent. interest rates are high when there is low savings. there is not much money to be lent for capital growth projects... so the price to take loans is higher.

low interest rates leads to more risky loans to be granted... whereas high interest rates requires the lenders to be a little more selective. also, low interest rates discourages savings... there is not much return for being a saver.

when the interest rate is lower than the rate of inflation... savers are literally being robbed of their purchasing power. new money just dilutes the value of all the money in circulation.

Really, Ben? How do you

Really, Ben? How do you explain how one dollar slipped to $0.05 buying power since 1913?? DOH

If you disagree with me on anything you are not a real libertarian...

DESTROY AMERICA;CONTROl THE CURRENCY AND THE MEDIA

DESTROY AMERICA;CONTROl THE CURRENCY AND THE MEDIA

SINCE 1913 THIS ENTITY HAS CONTROLLED AMERICA.FOLLOW THE MONEY.CONTROL THE CURRENCY AND THE MEDIA AND YOU WILL EVENTUALLY DESTROY ALL OF THE WEALTH AND CULTURE.
http://www.rense.com/general90/media.htm.

liberty1913

liberty1913

Joη's picture

wasn't fed to "keep inflation 'under control' at 3%"?

    now not at all?  What a change.

    "You underestimate the character of man." | "So be off now, and set about it." | Up for a game?

    LOL

    Thanks for posting...I needed a good laugh.

    LL on Twitter: http://twitter.com/LibertyPoet
    sometimes LL can suck & sometimes LL rocks!
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