The Federal Reserve Bank "has
checked into the Roach Motel of monetary policy,"
says Peter Schiff in a new rant about Fed Chairman Ben
Bernanke's latest harebrained scheme.
Variously called Operation Twist, Quantitative Easing 3, and (by
Schiff) Operation Screw, the new Fed plan to buy $40 billion worth
debt at low interest rates each month until morale improves is,
Schiff says, the kind of thing that should make Bernanke a figure
of fun for all Americans.
It is easy to lecture policy makers on what they should be doing. The Federal Reserve Chairman Ben Bernanke has been lectured by everyone on why quantitative easing is evil, etc. But for investors, that’s what policy makers actually... Read Post
On Wednesday, the Federal Reserve will announce its latest decision on monetary policy, followed by a press conference featuring Fed Chairman Ben Bernanke. The FOMC has a big decision to make. Last fall, it announced Operation Twist... Read Post
Federal Reserve Chairman Ben Bernanke has acknowledged the importance of stock prices to the efficacy of quantitative easing. In a speech given last month in Indianapolis, Bernanke said, " Lower interest rates also put upward pressu... Read Post