Here’s the 60 Minutes interview with the Ben Bernank
Yuan peg also bad for China because they can’t have own independent monetary policy Across Reuters.
Jobless rate a major concern Fear of inflation due to Fed’s accomodative policy is way overstated Idea that Fed is printing money is a myth 100% confidence that Fed will choose to tighten at right time Over Reuters newswires
It is not the shock it was in April or May, the St.Louis Fed president says. QE debate within Fed healthy QE had desired effect on rates, especially in run-up to November FOMC QE will send inflation back toward 2% … Continue reading
Won’t worry about inflation until economy gets going.. Too much slack, unemployment too high to create inflation.
Manufacturing expanded in nearly all districts Consumer spending seen positive; some price sensitivity Holiday shopping expectations generally positive Employers awaiting confirmation of upturn before hiring Here is the summary from the Fed.
…something external happens. North Korea, Iran, a spreading European sovereign debt crisis…what could go wrong? The US economy is in a gradual state of repair, the moderately hawkish Fisher says.