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The economy is immune to Fed stimulus right now, Philadelphia Fed President Plosser tells the...

The economy is immune to Fed stimulus right now, Philadelphia Fed President Plosser tells the WSJ, continuing his Emperor Has No Clothes tour (Bloomberg radio this morning, and a speech Tuesday). Are borrowing rates 10 or 20 basis points lower "really going to motivate people to break out of the challenges they face."
Comments (9)
  • J 457
    , contributor
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    At least one person at the FED is seeing clearly. I completely agree with him, and think the latest QE will do more harm than good.
    27 Sep 2012, 01:06 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9920) | Send Message
     
    Yes agreed., too bad that Plosser is not the Fed chairman. It would almost be worth voting for a Romney or Paul, if it was guaranteed that Bernanke would be dismissed.
    28 Sep 2012, 12:34 AM Reply Like
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    He's right but Wall Street hedgies are running and gunnin these bloated momo names...A lot like 1999 it won't end pretty!! at least not for the lemmings!
    27 Sep 2012, 02:54 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    The economy is not immune: there will be deleterious effects from continued easing to hold rates artificially low. The Fed's goal: protect special interest debtors, with Treasury and Frannie at the head of the line.
    27 Sep 2012, 04:27 PM Reply Like
  • User 353732
    , contributor
    Comments (4758) | Send Message
     
    Even the strongest immune systems collapse after serial abuse and repeated toxic injections.....Bad money, bad debt and bad government are diseases no economy can resist indefinitely; Greece will soon enough have a great deal of company in the economic intensive care ward
    27 Sep 2012, 05:03 PM Reply Like
  • andymoles
    , contributor
    Comments (2) | Send Message
     
    The purpose of the new QE is not to drive down interest rates but to stoke inflation & put a floor on the economy. Between these two, rich people will need to pull their money off the sidelines or lose it.

     

    This money circulating again will probably revive the economy. Bernanke is showing some b**lls by saying he won't stop printing money even after the economy begins to improve. Be smart & don't underestimate the sugar high coming our way. Forget about the hangover for now, it's been a few tough years & it's about to be party time.
    27 Sep 2012, 09:49 PM Reply Like
  • caupachow
    , contributor
    Comments (310) | Send Message
     
    "Pull their money off the sidelines or lose it." Sounds stupid because it is. Their are a lot of rich people that have been on the sidelines for the last five years and can go another four and still be rich. Now you go "party" with your money and let's see how things shake out.
    28 Sep 2012, 12:38 AM Reply Like
  • recession12
    , contributor
    Comments (170) | Send Message
     
    The only thing the fed can do to accelerate the economy is lower real rates. Rates are near zero the fed is out of bullets period.
    27 Sep 2012, 11:37 PM Reply Like
  • woodyj
    , contributor
    Comments (48) | Send Message
     
    Hey Plosser

     

    Is your ego so warped that it needs all this comment to show what a genius you are? How about publishing your net worth so we can determine is you have any brains when it come to money
    28 Sep 2012, 01:12 AM Reply Like
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