The markets' dim reaction to the Federal Reserve's latest effort to spur the economy has some commentators arguing that the central bank has run out of medicine for its ailing patient, The Wall St Journal gurus report.
Don't expect Fed chairman Ben Bernanke to see it that way.
Since lecturing Japanese officials in the late 1990s and early 2000s about how they should deal with their nation's economic malaise, Mr. Bernanke has made clear his mindset about post-bubble economics: Keep experimenting as long as the economy is stumbling and inflation is muted….
Read the rest at http://online.wsj.com/article/SB10001424053111903703604576587020609291618.html?mod=WSJ_hp_LEFTTopStories
No comments:
Post a Comment