Bernanke: Fed will take action if economy falters
JACKSON, Wyo. (AP) -- Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.
I just want to make sure I understand this correctly. If signs of deflation were to flare and the investing public decided to pour into long-term treasuries for safety and potential profits, then Federal Reserve Chairman Ben Bernanke would consider piling into them too? That's good to know.
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Fascinating. The title even reminds me of a famous 2002 deflation speech.
One wonders if the Federal Reserve would also consider selling their stocks, cutting back on trips to the malls, postponing new car purchases, and perhaps even brown bagging their lunches. You know, if deflation sets in.
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That's true. Mondays can be vicious.
One wonders if the Federal Reserve would also consider selling their stocks<<<
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At what price does the brown bagging of the lunches commence? ;)
ReplyDeleteAt what price does the brown bagging of the lunches commence? ;) <<
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