Reuters
October 4, 2011
Two top Federal Reserve officials known for their hawkish views on inflation reiterated on Monday their opposition to further Fed monetary policy easing, saying it would do more harm than good.
But the two, Richmond Fed President Jeffrey Lacker and Dallas Fed President Fisher, sketched somewhat different reasons for their views on the eve of Fed Chairman Ben Bernanke’s appearance before Congress on Tuesday.
Lacker said he was primarily concerned with the threat of inflation; Fisher said he was mainly worried that the policy would not work as advertised.
Bernanke was a chief supporter of the Fed’s move last month to try to boost the faltering U.S. recovery by rebalancing the central bank’s securities holdings in a bid to spur borrowing by pushing long-term rates down further.
The $400 billion program, dubbed “Operation Twist,” drew three dissents, including Fisher’s.
One Response to “More Fed Easing Could Do Harm, Hawks Say”
Leave a Reply
You must be logged in to post a comment.
The poverty level is going to continue to
increase.
This administration is only concerned about
how they can get more and it looks like
they are out to bankrupt our nation
so they can reform it into a socialist state.
The economy is going to continue to go down.
A lot of manipulating is going on right now
to try to keep up the image that we are getting
better.
Don’t be fooled.
Your dollar is losing value more and more each
day.
Robert Kiyosaki and many other financial
experts are saying
“cash is trash”…
Just a matter of time cash
won’t be worth anything
just like has
happened in Germany
and many other countries
in the past.
Thank heaven several months ago
someone referred me
to some info put
together by a millionaire
which has helped me
prepare for the future
in several different ways:
You can check it out here:
Free Video-
How to Profit like the Ultra-Rich in Times of Economic Chaos
(click on my profile name to go to my blog to see my full video)