Bernanke signals concern of weakening dollar and inflation......

[redgtxdi]

Bernanke needs to look in the mother f!#$@%~ ing mirror, FTW?!?!?

I just don't even know what to say. This dude is scarin' me.

 

[Moonbeam]

Please please, hold off the collapse till the Democrats get in office.

 

[Thump553]

Nothing unusual or unexpected in that speech that I can see from the article you linked. The last time the Fed cut rates (about two weeks ago) they made it pretty clear that that was almost certainly the last interest rate cut for the foreseeable future (heck, if they went much further we'd have negative interest rates).

The fact of the matter is that inflation is a very real concern to a lot of other countries and at least of some concern here.

Frankly the solution to our financial problems is pretty much out of the hands of the Federal Reserve so long as the executive branch insists on pouring $$ down the black hole that is Iraq. Heck, we'd be better off if Bush was just burning money, as this way he is contributing to the instability of the Middle East and driving up the price of oil as part and parcel of his folly.

 

[ericlp]

Originally posted by: redgtxdi
Bernanke needs to look in the mother f!#$@%~ ing mirror, FTW?!?!?

I just don't even know what to say. This dude is scarin' me.

What the hell?

Are you new here ?

Scaring you? WTF were you doing when greenspan was saying things worse then this 4 -5 years ago?

I guess most people don't give a shit till it's too late....

Well, this crap has been going on for some time now and people are now going to wake up and take notice? I too am not surprised about what he said. He still has not leveled with the American public and needs to say more.

 

[Jaskalas]

Originally posted by: Moonbeam
Please please, hold off the collapse till the Democrats get in office.

I hear a lot of people on your side of the isle who believe the government can/should do everything possible to "save the economy" as they put it. Whereas it appears you and I both understand it is only delaying the inevitable.

 

[yllus]

Why does he need to look in a mirror? He knows exactly what consequence his comments will have: Acting as a signal to the market that the Fed will, if necessary, take what measures it can to see that the dollar does not continue to lose value. That's not to say that he'll jump in to save the day - a correction is obviously needed in some markets - but the idea is to let the world know that things will not get too out of hand.