The former Fed chief told CNBC Friday that the Fed’s policy to boost liquidity is helping stock values. “I think we are underestimating. . .how important asset prices, very specifically equity prices, are not only to shareholde…
Wholesale turkey prices are currently hovering around $1.09 per pound, the highest they’ve ever reached. Several factors are behind the record, but perhaps the biggest one comes from Washington, in the form of Federal Reserve monetary policy.
Continue reading Record-High Turkey Prices Are Just the Beginning
Record-High Turkey Prices Are Just the Beginning originally appeared on DailyFinance on Tue, 23 Nov 2010 17:40:00.
Republican members of Congress on Wednesday sent a letter to Federal Reserve Chairman Ben Bernanke criticizing QE2, the qualitative-easing program to buy $600 billion in bonds in an effort to spur the U.S. economy.
…
Producer prices rose less than expected, with much of the hike coming from energy. Excluding food and energy, PPI fell 0.6% in the month. Overall, wholesale prices are up just 1.5% in the past year — still too close to deflati…
A group of Republican economists aren’t keen on the Fed’s decision to buy $600 billion in bonds in an effort to spur the U.S. economy. They charge that the aggressive strategy — championed by Fed Chairman Ben Bernanke — could…