JACKSON HOLE, Wyo. — Chairman Ben Bernanke made clear Friday that the Federal Reserve
will do more to boost the economy because of high U.S. unemployment
and an economic recovery that remains “far from satisfactory.”
He also argued that the Fed’s moves so far to keep interest rates at record lows and encourage borrowing and spending have helped bolster the economy.
Bernanke stopped short of committing the Fed to any specific move, such as another round of bond purchases to lower long-term rates. But in a speech at an annual Fed conference in Jackson Hole, Wyo., Bernanke said that even with rates at super-lows, the Fed can do more.
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There is a big difference in Bush's stimulus package and Obama's stimulus action. Bush's stimulus sent checks to the taxpayers, Obama's stimulus gave money to greedy banks and corporations.
ReplyDeleteTo listen to the liberals bashing Romney's corporate experience and business savy, you'd think it was the other way around!
Romney wants to see corporations make it on their own, without government handouts and regulations.
What is the difference in corporate tax cuts and government stimulus handouts from Obama? Read the writing on the wall! Nobama 2012