So Bernanke tells us what we knew about 4 months ago. Recession. I’m not sure we needed him to tell us this given the activities of the Fed over the last couple of quarters.
Naturally, the Fed can always attempt to inflate the dollar in order to avoid or shorten an economic downturn. In DC today there doesn’t seem to be an economic problem that cannot be cured by the printing press.
Sooner or later a good chunk of this new money is going to come home to roost.
Bernanke: “Recession”
- Tags: federal reserve board, recession
- By: Dan
- April 3, 2008
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