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Bernanke: Fed May Launch New Round of Stimulus

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing. Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures. "Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation," he said "However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate."

1 Comments in Response to

Comment by David Jackson
Entered on:

  Here we go again!

  How about THIS for a federal reserve program? Return to the Constitution, and shut down the "reserve". It is flat-out ILLEGAL, and, for those who don't know or care, IT ISN'T A FEDERAL GOVERNMENT AGENCY!!!!!!!!!!!!!!!!!!!!!!!!!!!

  The "reserve" is a private bank that was created out of whole cloth for the sole purpose of scamming the U.S. citizenry out of its financial wealth. Every politico who supports the low-life scum who participate is guilty of treason. (Riddle me this: The oath of office for virtually every elected official is the same one that our troops are forced to take, yet politcos aren't held to any standard for their malfeasance; they simply whine about "going forward" and "misspeaking", instead of "I got caught abusing my office and my oath" or "I lied to cover my criminal activities and protect my cushy, social-engineering, treason.)

  Americans pay billions to the internatinal usury cartel, called the federal reserve. It has sapped the wealth of the nation since everyone's favorite shill - Woodrow Wilson - allowed it to become "law". (For those who don't believe me, Google it.)

  By the way, I have no motive to lie to any of you. I'm not a politician. I'm not a consensus educator. I'm not a media prig. I don't do anything in law enforcement, except stay as far away from its minions as I possibly can. And, most of all, I believe in the Constutution of the United States and what it really stands for.

  One more thing that you might consider is why in the world we need 535 of the most marginal of God's creatures (537, if you count the President and V.P.) telling us what is best for us and charging us for the bad advice? Might not a really functiional cutback be to only have ONE crook from each state in the Senate, instead of TWO? Or, ONE criminal in the House of Representatives, per state, instead of the hodgepodge we now have. Seems to me that elimination of the bloated salaries, alone, would go a long way toward compensating for the damage being done by the contrivances and BS being perpetrated on all of us by the "Greens", in and out of office. I don't know how much "pork" would be saved by eliminating the waste generated thieves and mindless morons, but I'm betting it would be BILLIONS. (Since the so-called debt was created by the cons in Congress, let them pay it before we quit voting for them or vote them out of existence.)

  Think about this: If pro is the opposite of con, then might not congress be the opposite of progress? (It's a bit glib, but it works for me.)

   It's barely recognizable, but it's still OUR country. We are way too close to the "inmates running the asylum". These are my opinions. Please, do some research and reading and form some of your own!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


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