Stimulus Needed for ‘Frustratingly Slow’ Recovery: Bernanke

Discussion in 'Wall St. News' started by ASusilovic, Jun 7, 2011.

  1. Federal Reserve Chairman Ben S. Bernanke said the central bank should maintain record monetary stimulus to boost an “uneven” and “frustratingly slow” economic recovery.

    “The economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed,” Bernanke, 57, said today in a speech to a conference in Atlanta. “Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established.”

    Recent data showing weakness in the economy, including a rise in the unemployment rate to 9.1 percent in May, has increased the odds the Fed will hold the benchmark interest rate near zero into next year. At the same time, Bernanke and his fellow policy makers plan this month to complete a $600 billion bond purchase program, and they’re discussing the tools they’d use to withdraw stimulus, according to minutes of their meeting in April.

    Bernanke said that while the recent increase in inflation is a “concern,” he doesn’t see “much evidence that inflation is becoming broad-based or ingrained in our economy.” Still, “the longer-run health of the economy requires that the Federal Reserve be vigilant in preserving its hard-won credibility for maintaining price stability.

    QE III = stimulus. :cool:
  2. the1


    Hooray! More debt, more QE, more low rates, more inflation. The dude is right about the frustratingly slow recovery but I'm not sure he realizes -- or maybe he does -- you can't stop a depression dead in its tracks and reverse it into a booming economy again. The missing ingredient is time. Let's set a meeting, same time, same place, 2018 to review how things have progressed.
  3. jem


    what needs to happen is to allow the economy to where the invisible hands says it needs to go.

    If we want a stimulus which will work... eliminate income tax.
  4. the1


    What most people tend to miss, or fail to see, is if Big Ben is trying his darndest to avoid a depression and to that end, so far, he has been hugely successful. Take away the measures the Fed has taken, ingoring the fact that this mess was completely avoidable, and we would find ourselves knee deep in a nasty, protracted depression. I'm glad I don't have his job but I believe history will be his biggest cheerleader.
  5. Does he live in a different planet?

    Bernanke sees job, growth pickup in second half
    Inflation seen as less of a threat

    WASHINGTON (MarketWatch) — Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is not in the camp of economists worried about a double-dip recession as he defended the central bank from accusations it’s fueled a boom in commodity prices.
  6. LMAO.

    If you do some research, you will find that most states who are in a "Depression" are Liberal States, controlled, taxed by the majority political body of the Scum Liberals..Progressives.

    The states that are in recovery, who are moving out of the Recession as they never went into a Depression, are states like Texas where 38% of the job growth of the last month took place. These states, Like Texas are not out of the woods yet but the future is bright.

    Feds are in panic mode as they can't jump start the entire nation. Those states like NY, IL, CA, etc are falling deeper into a depression.
    James Carvel has stated that Civil Unrest may start to pop up. Of course he did not say that the "DEPRESSION" is in his fellow "BLUE STATES".

    The fact of the matter is, there are states booming, people making great money, construction starting back on track and they are the "New Atlantis" for many companies, like CAT, fleeing high taxing, scum suck Progressive States.

    We as a country are not hurting. There are Regions.

    My advice to the Texas State House. Keep the scum liberal Progressives out of our state.....We are moving forward and starting a serious boom cycle.

    Texas has to be careful not to end up like cali in the next decade.

    For the rest of you. If your a freedom loving, hard working, person who wants a chance. Com'n on down!

    If your a free loading, scum sucking Parasite who wants UNIONS, National Healthcare, TSA protecting you and are an OBAMA FAN. STAY THE FUCK WHERE YOU ARE CUZ YOU WILL NOT ENJOY WHAT TEXAS HAS IN STORE FOR YOU EVIL FUCKS.
  7. Eight


    You are way off base... history tells us that bailouts prolong the recessions. The times when government did nothing at all were the shortest ones, they don't even make it into the historical record, they were non-events... the US did massive bailout stuff under FDR and the US was the last country to pull out of the slide. The countries that did only moderate bailouts recovered quicker...
  8. Eight: Your point is lost on def ears in DC.

    Reality Check. They are gona continue this Bailout, QE and fucking up the economy in most parts of the US.

    Reality Check- Didn't the pundits call the recovery on a year ago?

    Reality Check- most American's will sit in their little towns, big cities and think that things will change. They will sit on there arses watching reality tv and bitching about the local economy. VERY FEW WILL PICK UP AND MOVE.

    Reality Check- If you live in a BLUE STATE you are more than FUBARED and chances are you voted for the very people and policies that have caused the further decline of your regional Depression.

    Crying Foul after 50% of Americans voted for the Current Political Ideas is a waste of time. Better learn to fend for your selfs, learn to get the fuck outa dodge if your area is imploding and better learn how to be a leader, not a follower.
  9. zdreg


    depressions are good for getting rid of the the previous cycles excesses. without them the country is doomed to years of stagflation.
  10. fed policy is like that film final destination. just delaying the inevitable as banks get too bigger to fail.

    #10     Jun 7, 2011