Prosperity: Federal Reserve Chairman Ben Bernanke can talk all day about doing everything possible to sweeten a sour economy. Monetary policy is pretty much exhausted. It’s Congress that could act – but won’t.
‘We remain prepared to take further policy actions as needed to foster a return to full utilization of our nation’s productive potential in a context of price stability.” Those were the words the Fed chief hoped would have a healing effect on an economy battered by years of housing and lending policies hijacked for ideological purposes.
But what more can Ben Bernanke do?
The Rebooting of America: We Are Way Off Track – Editorial, IBD
Rebooting America
Prosperity: Federal Reserve Chairman Ben Bernanke can talk all day about doing everything possible to sweeten a sour economy. Monetary policy is pretty much exhausted. It’s Congress that could act – but won’t.
‘We remain prepared to take further policy actions as needed to foster a return to full utilization of our nation’s productive potential in a context of price stability.” Those were the words the Fed chief hoped would have a healing effect on an economy battered by years of housing and lending policies hijacked for ideological purposes.
But what more can Ben Bernanke do?
The Rebooting of America: We Are Way Off Track – Editorial, IBD