But Bernanke Still Has a Job...

Tuesday, June 08, 2010 , , , 2 Comments

Comforting words from our esteemed Fed Chairman:

While the Fed will raise interest rates from a record low before the economy returns to “full employment,” Bernanke said officials don’t know when that process will start. The banking system isn’t fully healthy and lenders are “cautious” in providing credit, he said.

“The unemployment rate is still going to be high for a while, and that means that a lot of people are going to be under financial stress,” Bernanke said at the event, part of a dinner hosted by the Woodrow Wilson International Center for Scholars.

And a little more of the same old same old that he's been blabbering about for months:
“We have right now a very accommodative, very easy monetary policy,” Bernanke said. “We can’t wait until unemployment is where we’d like it to be” or inflation gets “out of control” to tighten credit, he said.

How do we read that? Back up the truck, we've got dollars to spray!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Anonymous said...

When I see this picture why do I think of a dude who is pining for the good old days of smoking some weed in the Princeton faculty lounge after boinking a co-ed economics student? "Man, I used to be the shit and now I'm stuck doing this dog and pony show..."


Anonymous said...

Is it just me or does he look kinda like he's thinking about going to Taco Bell for a Gordito?