Bernanke is being grilled by the House today Here is all you need to hear.
The unexpected weakness is forcing the Fed to reconsider its determination early this year to refrain from new efforts to stimulate growth. While no additional actions appear imminent, Mr. Bernanke said in congressional testimony Wednesday that the Fed would be prepared to act if necessary.
He described options including an explicit commitment to maintain its stimulus efforts for a longer period, the resumption of asset purchases or steps that would encourage commercial banks to use the reserves they current keep on deposit with the central bank.
“Prudent planning requires that we evaluate the efficacy of these and other potential alternatives for deploying additional stimulus if conditions warrant,” Mr. Bernanke said.
It's obvious they have not learned.......
Answer by QuinnMae at 12:39 PM on Jul. 13, 2011
What condition would warrant additional stimulus? Doesn't anyone see that the first "stimulus" did NOT work and put us WAY further into debt? They are idiots... all of them.
Answer by amazinggrace83 at 12:45 PM on Jul. 13, 2011
Answer by QuinnMae at 1:29 PM on Jul. 13, 2011
Answer by annabarred at 1:49 PM on Jul. 13, 2011
Answer by agentwanda at 1:59 PM on Jul. 13, 2011
Answer by Carpy at 2:51 PM on Jul. 13, 2011
Answer by yourspecialkid at 3:21 PM on Jul. 13, 2011
Answer by KellyGirl_TX at 6:20 PM on Jul. 13, 2011