Posted on 03/07/2009 8:18:55 PM PST by FromLori
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Saturday the U.S. central bank would use all of its tools to stabilize financial markets and pull the economy out of recession.
"At the Federal Reserve, we will continue to forcefully deploy all the tools at our disposal as long as necessary to support the restoration of financial stability and the resumption of healthy economic growth," he said in remarks prepared for delivery at a naming ceremony in Dillon, South Carolina.
A copy of his remarks was distributed in Washington.
(Excerpt) Read more at reuters.com ...
Time to fire the Fed Bankers... Congress, do your duty or get out.
Come on down Bernanke, I have a tool for you...
And just where is Obama’s policy for rescue & recovery of the banks anyway ?
Geithner’s flop of a speech a few weeks ago is all that’s been said so far, not to mention it appears nobody wants any of the open jobs at the top of that dept.
Does that include raising taxes you morons?
They’ll fight this battle until your last dollar.
central bank would use all of its tools
Mostly shovels.
Here lies the core of the leftist mindset: They believe central control, here the fed and the govt, can trump the hard reality of market action. Even the USSR and China with absolute domestic power found out the futility of that approach; the USSR by collapsing and China - after butchering tens of millions of their own people in the Cultural Revolution - by embracing a pseudo free market system.
Bernanke: Fed will use all tools at its disposal
That is what worries me.
all freaking morons
Dear Leader needs to come up with a series of Five Year Plans, and when that doesn’t work, he can try Let A Thousand Flowers Bloom, then he can start a Cultural Revolution, then he can drive the Kulaks out of their farms, and all will be bliss!
Ed
No. He’s referring to the shipment of 10,000 new screwdrivers with which to screw us.
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