A day after announcing a second round of quantitative easing, Fed Chairman Ben Bernanke responded to critics in a Washington Post op-ed that explains how the program will work and why it won’t spark inflation.
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Just about everyone expects the Federal Reserve to announce a bond-buying program with the goal of stimulating the economy. But not many observers think it’s a good idea — and the chorus of critics is only getting louder.
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Bernanke’s zero-interest-rate policy is backfiring. Only the wealthy benefit from rising financial assets, as average Americans take on more debt. Worse, risky speculation is again being rewarded.
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Investors received another sign Friday that the U.S. economy is continuing to heal: The 2010 U.S. budget deficit came in at a smaller-than-predicted $1.29 trillion. Though it was still the second-highest deficit on record, the …
Kansas City Federal Reserve President Thomas Hoenig broke ranks with some of his fellow regional Federal Reserve executives Tuesday, warning against further monetary action as a way to spur economic activity.
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