The Q&A turns to QE2 as House Budget Chairman asks Bernanke: Isn't the Fed monetizing the...


The Q&A turns to QE2 as House Budget Chairman asks Bernanke: Isn't the Fed monetizing the debt? Only if the central bank weren't planning to reverse its position, Bernanke replies. Also, studies show him that the program is worth 700K jobs. (testimony)

Comments (5)
  • JJA1594
    , contributor
    Comments (67) | Send Message
     
    700,000 jobs in China. YAY Ben!!!!
    9 Feb 2011, 11:01 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    It freaking reads like a Sat Night Live skit.

     

    "ya, I'm not monetizing...ya that's the ticket"
    9 Feb 2011, 11:04 AM Reply Like
  • Duude
    , contributor
    Comments (3413) | Send Message
     
    I wonder what studies show as a result of reversing the Fed's position. Higher interest rates, of course, but more importantly will they tamp down commodity inflation, and what happens to the jobs market when the Fed dumps the bonds its been buying?
    9 Feb 2011, 11:05 AM Reply Like
  • director
    , contributor
    Comments (56) | Send Message
     
    Right out of the insane ward........what a battle plan for lunatics . I think he should freeze 60 % all banking bonuses for 5 to ten years. Because they are really paying good capital we will find out later on created by the total fed over stimulation and phony asset price markups.
    9 Feb 2011, 11:28 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    it is totally insane....what a statement..they can´t stop it now...nor can they get out of it...4% growth..only with trillions more in debt....its a world market and we are losing it...
    9 Feb 2011, 11:47 AM Reply Like
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