All Commentary
Wednesday, October 5, 2011

Bernanke Warns of Faltering Recovery

“Despite significant improvement in US financial markets since 2008, the economic recovery is ‘close to faltering,’ Federal Reserve Chairman Ben Bernanke told a joint congressional panel on the US economic outlook on Tuesday. After dramatic interventions to resolve the financial crisis that broke out in the fall of 2008, there are no silver bullets for a swifter recovery, beyond a willingness to ‘take further action as appropriate,’ the Federal Reserve chief said.” (Christian Science Monitor)

Do you have the feeling he is out of ideas?

FEE Timely Classic
“The Fed’s Potent Power” by Donald J. Boudreaux