Showing posts with label trade imbalances. Show all posts
Showing posts with label trade imbalances. Show all posts

Friday, August 27, 2010

Fed prepared to act if economy worsens

In the "No $hit" category of Fed press conferences, Chairman Bernanke announced that the Fed was "prepared to act if the economy continued to weaken."

http://www.nytimes.com/2010/08/28/business/economy/28fed.html?_r=1

QE 2.0 is just around the corner. The problem is it won't end there.