“Relatively low long-term interest rates aren't signaling an economic slowdown, and increases in consumers' mortgage debt may not be a serious problem, Federal Reserve Chairman Ben S. Bernanke said Monday.
Bernanke's remarks reaffirmed expectations that more Fed rate hikes are coming, analysts and traders said.” (Los Angeles Times, Tuesday)
When the Fed chief speaks, unfortunately, everyone listens.
FEE Timely Classic
“Why Not Monetary Freedom?” by Richard M. Ebeling