Investors hedge on fears that Fed will pull back
In minutes from the committee’s most recent meeting in March, several members indicate concern over the current state and stability of the financial system.
Despite a substandard jobs report from last Friday, St. Louis Federal Reserve Bank President James Bullard thinks it might be time to scale back the central bank’s asset purchasing program known as quantitative easing.
Nominal GDP backs up the Fed chair and his market-monetarist supporters.
Market monetarists say yes.
Estimates: 135-143 million jobs in entire United States
‘I know that people who rely on investments that pay a fixed interest rate … are receiving very low returns’
And Ben Bernanke can’t bail it out.
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A couple of members said they want to take further steps to boost the economy if conditions worsen
The American people don’t trust the Fed, and for good reason.
Bernanke isn’t sold on the self-sustaining recovery
The Fed hopes to buy more long-term bonds, print new money and then borrow the money back so it doesn’t cause inflation.
‘At the end of the day, what the federal government is doing is taxing one group of people and spending somewhere else’
Bernanke warned that expiring tax cuts and spending cuts could hurt the economic recovery