Skip to content

Beranke Under Pressure To Act

July 21, 2012
Beranke Under Pressure To Act
http://whatthegovernmentcantdoforyou.com/?post_type=post&p=15022
SCHUMER TO PRESS BERNANKE TO ACT – Fed Chair Ben Bernanke appears this morning in front of the Senate Banking Committee, the first of two days’ worth of testimony on monetary policy and the state of the U.S. economy. Sen. Chuck Schumer (D-N.Y.) plans to press the Fed chairman for another round of asset purchases to boost growth and hiring. Per a Schumer aide: “In his questioning of Chairman Bernanke Tuesday, Senator Schumer plans to note that election-year politics have prevented Congress from enacting the kind of fiscal relief that the Fed Chairman has subtly suggested is necessary. … “In the face of this lack of cooperation from congressional Republicans, and given the Fed’s own reduced expectations for growth in 2012, Schumer will seek the Chairman’s thoughts on potential monetary policy options, such as a new round of full-scale bond buying. Schumer will express his hopes that with inflation below the Fed’s two-percent target and declining, the Fed sees fit to err on the side of fulfilling the second part of its mandate – unemployment.”
Advertisements

From → Uncategorized

Beranke Under Pressure To Act

July 21, 2012
Beranke Under Pressure To Act
http://whatthegovernmentcantdoforyou.com/?post_type=post&p=15022
SCHUMER TO PRESS BERNANKE TO ACT – Fed Chair Ben Bernanke appears this morning in front of the Senate Banking Committee, the first of two days’ worth of testimony on monetary policy and the state of the U.S. economy. Sen. Chuck Schumer (D-N.Y.) plans to press the Fed chairman for another round of asset purchases to boost growth and hiring. Per a Schumer aide: “In his questioning of Chairman Bernanke Tuesday, Senator Schumer plans to note that election-year politics have prevented Congress from enacting the kind of fiscal relief that the Fed Chairman has subtly suggested is necessary. … “In the face of this lack of cooperation from congressional Republicans, and given the Fed’s own reduced expectations for growth in 2012, Schumer will seek the Chairman’s thoughts on potential monetary policy options, such as a new round of full-scale bond buying. Schumer will express his hopes that with inflation below the Fed’s two-percent target and declining, the Fed sees fit to err on the side of fulfilling the second part of its mandate – unemployment.”

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: