Thursday
Healthcare, who's in charge?
The Obama Administration offers a plan to revive healthcare reform ahead of a key summit with Republicans.
If not Socialism, what is it?
U.S. President Barack Obama launched a vigorous defense of his economic agenda on Wednesday, rejecting critics who call his policies "socialism". So what should we call it???
Monday
Federal Reserve Begins To Withdraw $2.2 Trillion
Federal Reserve Begins To Withdraw $2.2 Trillion From American Economy
The Federal Reserve Board faces a delicate task. Having pumped $2.2 trillion into the economy to fight the recession, it must start pulling that money back. It would have to sop up over half of that liquidity to get back to pre-recession levels.
The problem: Do it too quickly and the Fed might cut off or curtail the recovery. Wait too long and risk setting off a punishing round of inflation.
Ben Bernanke, as Fed chairmen typically do, gave only vague hints as to how he would accomplish that. In testimony never delivered to Congress because of this week’s blizzard but released anyway, it was clear that whatever the central bank does, interest rates are going up.
http://www.infowars.com/federal-reserve-begins-to-withdraw-2-2-trillion-from-american-economy/
The Federal Reserve Board faces a delicate task. Having pumped $2.2 trillion into the economy to fight the recession, it must start pulling that money back. It would have to sop up over half of that liquidity to get back to pre-recession levels.
The problem: Do it too quickly and the Fed might cut off or curtail the recovery. Wait too long and risk setting off a punishing round of inflation.
Ben Bernanke, as Fed chairmen typically do, gave only vague hints as to how he would accomplish that. In testimony never delivered to Congress because of this week’s blizzard but released anyway, it was clear that whatever the central bank does, interest rates are going up.
http://www.infowars.com/federal-reserve-begins-to-withdraw-2-2-trillion-from-american-economy/
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