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Chicago Fed's Charles Evans fires back at QE3 critics, warning of a U.S. "lost decade" if the...

Chicago Fed's Charles Evans fires back at QE3 critics, warning of a U.S. "lost decade" if the Fed limits itself to modest policy actions. There's no surprise here, as the hard-core dove Evans finds it “essential" to do as much as possible now to prop up the economy; his most noteworthy comment is that 3% inflation "not an unreasonable cap" on policy.
Comments (13)
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    Hate to bust Ben and the fed's buuble BUT we're in the 13th year of a lost decade...DEc.1999 s&P 500 closed over 1500 and NASDAQ crossed 5k! Wake up you bunch of PhDs!!
    26 Sep 2012, 02:39 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    This quote seems appropriate here.

     

    http://bit.ly/QFFbDs
    26 Sep 2012, 02:39 PM Reply Like
  • into dark shadows
    , contributor
    Comments (321) | Send Message
     
    Hey buffoon, we are already into a lost decade and with the garbage you and bubble blowin' Ben are unleashing,
    we have another lost God only knows how long to look forward to!

     

    Oh, excuse me!
    Mitt Romney has vowed to get rid of Bubble Blowin Ben and the QE Stun gun,
    so we can look forward to a "House Cleaning" in 40 days!

     

    Hey Mitt,
    how about Rand Paul to replace "Tax Cheat Timmy"
    and for all the Ron Paul fans,
    Ron Paul at the fed!

     

    STRONG DOLLAR and Global Respect is long overdue!

     

    God save the republic!
    26 Sep 2012, 03:01 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    I'd like to see Evans,Bernanke and all the other QE lovers run a real biz and see how they would fare. My guess is that don't have a clue how to make $$$ Kind of like Barry Obama running the govt! We need a biz mind not some constitutional lawyer/community organizer running the govt!
    26 Sep 2012, 03:07 PM Reply Like
  • into dark shadows
    , contributor
    Comments (321) | Send Message
     
    Amen brother!
    Amen!
    26 Sep 2012, 03:16 PM Reply Like
  • Cerberus
    , contributor
    Comments (200) | Send Message
     
    It maybe better to have someone in office that is 50/50, looking out for the little guy and the big guy. I wouldn't want someone in office that would continue to export our jobs overseas at an accelerated rate. Maybe Romney can be VP?
    27 Sep 2012, 12:43 AM Reply Like
  • Swass
    , contributor
    Comments (419) | Send Message
     
    "If we continue to take only modest, cautious, safe policy actions"

     

    There he goes again. Mr. Evans, by using this statement again, is confirming that QE3, and monetary policy intervention he proposes, is bold, rather than modest, reckless, rather than cautious, and dangerous, rather than safe.

     

    "That type of passivity is a gamble that is not worth taking."

     

    The gamble of allowing the markets to correct so we can have sustainable growth that lasts? That's not a gamble. We know what will happen. The economy will rebalance, get rid of malinvestment. There will be some pain, but it will be temporary. Then the economy and markets take off in real growth mode. Instead, they gamble on perpetuating insolvency through more debt, and malinvestment in risky assets. They feel that it is better to gamble on the legitimacy of the world reserve currency and our country's future.
    26 Sep 2012, 03:18 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9923) | Send Message
     
    The most important question is how do we get rid of bureaucrats & regulators like Evans??????
    26 Sep 2012, 07:13 PM Reply Like
  • Jeff Miller
    , contributor
    Comments (1586) | Send Message
     
    Evans is neither a bureaucrat nor a regulator. He is chosen as CEO by the Board of Directors of the Federal Reserve Bank of Chicago.

     

    The regional Bank presidents rotate in service on the FOMC.

     

    http://1.usa.gov/PGSODp

     

    He has outstanding credentials: http://1.usa.gov/Rjasyt

     

    It is fine to disagree with someone's conclusions, but .....
    26 Sep 2012, 08:17 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3803) | Send Message
     
    Hey Evans Resign. You stooges inflated the economy and busted it now you idiots want to use same policies to reinflate it.

     

    Who hired this idiot anyway? The American people surely did not.
    26 Sep 2012, 06:38 PM Reply Like
  • pollyserial
    , contributor
    Comments (1055) | Send Message
     
    I'm guessing this means the the GDP and chicago PMI numbers are going to be less than great.
    26 Sep 2012, 07:49 PM Reply Like
  • MrEnergyCzar
    , contributor
    Comments (44) | Send Message
     
    You guys are smart here. Who actually specifically owns the Fed? Since they digitally create money for nothing and collect the debt interest from all of us, someone knows who or what they are. Where do they put all that interest payment money anyway?

     

    MrEnergyCzar
    26 Sep 2012, 07:54 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    EQi^2
    26 Sep 2012, 09:35 PM Reply Like
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