Back to Financial News
Reply
Friday, September 28, 2012 - 5:39 AM

Behind The Scenes At The Fed - How Bernanke Pulled The Fed His Way

The major new action that was announced at the last FOMC meeting didn't come about quickly. As described in this Wall Street Journal article, there were a lot of behind the scenes discussions:
As markets rallied at the prospect of new measures to ease credit, a quiet drama was unfolding behind the scenes. Mr. Bernanke was negotiating a high-stakes plan in a flurry of private conversations with colleagues hesitant about aggressively re-engaging the levers of America's central bank.

Read more

Note, I had to use Google News to view the article.
2
KenBDGKenBDG5,132 posts since
Nov 29, 2009
Rep Points: 116,909
Reply