Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Bernanke: Economy Still Needs Fed Stimulus

Wednesday, July 10, 2013 - 5:30 PM
From USA Today
Federal Reserve Chairman Ben Bernanke said Wednesday the central bank will likely keep at least some of its easy-money policies going "for the foreseeable future."

Read more
6
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
1. Wednesday, July 10, 2013 - 5:43 PM
Bernanke doesn't want to make another "taper" comment and make the markets go down again. His friends at Goldman Sachs might get mad at him and not invite him for tea and scones at their next board meeting.  Ben is making it just too obvious that he is just a water carrier for Wall Street and doesn't care a whit about those on Main Street. Equity futures, by the way, are up on Bernanke's comments.
10
ShorebreakShorebreak2,380 posts since
Apr 6, 2010
Rep Points: 12,706
Reply