Fed will take action if economy falters, Bernanke says

[lib2DaBone]

http://www.cleveland.com/business/index.ssf/2010/08/fed_will_take_action_if_econom.html

The Fed's strategy carries no guarantees. Short-term interest rates near zero have yet to rejuvenate the economy. The benefits of federal stimulus programs are fading, and Congress has declined to pass any major new economic aid. That is putting immense pressure on Bernanke to provide relief, and he has no easy options for fixing the economy.

The economy, which has been losing momentum all year, slowed to a near crawl in the second quarter.

At such a weak pace, the nation's 9.5 percent unemployment rate could climb and pass 10 percent later this year or early next year, some analysts say. With economic conditions worsening, there's the danger that consumers and businesses will turn even more cautious in their spending, causing the economy to stall, or worse, slip into reverse.
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Anytime now Bennie old boy. Don't wait for us.. go ahead and do your thing... after all.. no hurry... everything is fine...



:sarcasm:

[TheKentuckian]

1. Whats he gonna do, pay the banksters to speculate with our borrowed money?

[Donnachaidh]

2. Ben's busy firing up those printing presses

Who'll give me odds that the banksters are suddenly going to need more money - before the little people, of course. :sarcasm:

[Fumesucker]

3. What is this "if" Helicopter Ben speaks of?

The economy is not only "faltering", it's been faltering for years now..

[lib2DaBone]

4. Eggs Actly. "IF" the economy slows....

I guess when you are living in the lap of luxury in Washington... let them eat cake.

[defendandprotect]

5. Why aren't you all quesitoning WHY a private bank is running our economy?

These are questions for Obama and the Democratic Congress -- not a private bank!!

Congress may be happy to unload this responisiblity -- it is political whether people

have jobs or not! We elect Congress and the President to assume this responsibility --

we don't elect Bernanke and the FED!!

[gratuitous]

6. How are they going to know when the economy's faltering if it isn't already?

Oh, when one of them loses his job. The classic economic definition of the difference between a recession and a depression. "Gee, we keep making money cheaper for the banks to borrow from each other, but nothing's happening." Ya think that might be because it's the wrong remedy? Naaaahhh, that can't be it! More clustering and harder fucking, that's the way out of this mess.

[Kurt_and_Hunter]

7. The minute unemployment hits 20% they'll be in there guns blazin' (nt)

[taught_me_patience]

8. Translation: "I'm going to 'MAKE IT RAIN BABY'"

...on wallstreet of course. Everybody else can fukk off.

[Raineyb]

9. If? The economy is already in the shitter! WTF is it waiting for?

Oh never mind!

[SoCalDem]

10. Wow like rushing into a hospital room

and pushing aside, the priest administering final rites..and then announcing that this patient needs chemo.