Elsewhere on The Exxchange: Christopher Cox | FDIC | TARP | Henry Paulson | Bailout | Federal Reserve |
Mish's Global Economic Trend Analysis is the #1 Blogger for Ben Bernanke
The Fed can "control" using the word loosely, at most one factor at at time. It cannot control money supply and interest rates simultaneously. Therefore it certainly cannot control money supply, interest rates, full employment, and low inflation simultaneously as Roach implies.
Last month, Senator Jeff Merkley (D-OR) was the sole Democrat on the Banking Committee to vote against reconfirming Ben Bernanke as Chairman of the Federal Reserve. The good news is that more Democrats have come out to oppose Bernanke. The bad news is that more Democrats have come out in sup...
Mon, Jan 25 | from The Left Coaster