Sunday, April 11, 2010
Bernanke Says Central Bankers Must Act Strongly to Stem Crises
this article talks about how the fed's chairmen Ben Bernanke has been under a lot of criticism for the policies he implemented during our recent financial crisis. it also talked about how Bernanke still stands by these actions and he said that policy makers must respond forcefully in desperate times.
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By not allowing interest rates to rise accordingly, the threat of inflation is very real because money is cheap. The article notes that we won't know for many years whether the Fed made the right decision. I think it will be very interesting to see if they decide to start raising interest rates as the economy begins the recovery process.
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