Bernanke led economy proving critics clueless
 

Bernanke-Led Economy Shows Critics Wrong About Fed - Bloomberg


The numbers are proving Federal Reserve Chairman Ben S. Bernanke’s critics wrong.

More than a year after Republicans from House Speaker John Boehner of Ohio to presidential candidate Ron Paul of Texas warned that the Fed’s second round of asset purchases risked a sharp acceleration in prices, the surge has failed to materialize. The personal-consumption-expenditures price index rose 2.4 percent for the 12 months ending in December, near the central bank’s 2 percent target.

“The statements were politically motivated,” said John Lonski, chief economist at Moody’s Capital Markets Group in New York. With unemployment stalled above 8 percent for three years, “I don’t see how anybody in their right mind could form a strong argument for persistent, rapid inflation in the United States without the participation of the labor market.”

“The criticism about the Fed being inflationary is not fact-based,” said Mark Gertler, an economics professor at New York University who has co-written research with Bernanke. “In terms of an inflation record, the facts are the Fed has been as close to impeccable as you can possibly get.”



http://www.bloomberg.com/news/2012-0...ve-policy.html

Don't get too esxcited, numbskulls. it takes time to build. And it is building. Fluff pieces like this that attempt to get people to relax and build confidence, will only have those that followed, in the hot seat when the next round knocks on the door.

That's all i read. The above paragraph. Bernanke is a fucking moron, or he would have known about the housing bubble 5 years before it popped like Ron paul did. Time frame is never offered on these things in the prediction./ it's all about knowing how it works.

Meanwhile, prices appear under control, according to Deutsche Bank’s Hooper. So-called core inflation, stripped of energy and food costs, climbed 1.8 percent in the 12 months ending in December, the personal-consumption-expenditures price index shows.

“It just doesn’t look like there’s any evidence right now” of an inflation surge, Hooper said. “There are no alarm bells going off in terms of the current picture.”


http://www.bloomberg.com/news/2012-0...ve-policy.html

look you clown this is from Bloomberg. It is NOT a fluff piece.


Inflation is NOT building and if it does there are still tools in the kit for Bernanke

of course not. Morons like these do not see the big picture. There are two types of inflation that are discussed and these apologists attempt to carpet roll them. Monetary inflation, and price inflation.

It's from bloomberg, it must be so. :rolleyes:. You're not the sharpest dull spoon in the landfill, heh?

Get the gist of this you fool?

your heros were dead wrong on their projections of the policy.

THAT just happened

The test on inflation will come when the central bank must withdraw its record stimulus, said Peter Hooper, chief economist at Deutsche Bank Securities Inc. in New York. The policy-setting Federal Open Market Committee said last month it plans to keep its benchmark interest rate “exceptionally low” until at least late 2014. Hooper said Bernanke has the tools to contain inflation when it comes time to exit.

“If it looks like the economy is going to overheat, the Fed has a tremendous amount of ammunition,” such as selling assets or raising the interest rate on excess reserves, Hooper said. “Right now the emphasis is on, ‘Hey, the economy is still weak. Let’s focus on getting that back to the norm.’”


http://www.bloomberg.com/news/2012-0...ve-policy.html

House Speaker John Boehner of Ohio to presidential candidate Ron Paul of Texas warned that the Fed’s second round of asset purchases risked a sharp acceleration in prices


Now you can tally a fail for both of these clowns

"Morons" like the Chief Economist at Moody's Capital Markets group and an economics professor at NYU.

"Morons" like that don't "see the big picture" because they're "morons" who don't understand "inflation".

Right? This is your contention, yes?

the poster is always pretending no one but him knows anything

LOL--understatement of the year! Reminds me of Twain's "Rumors of my death were greatly exaggerated."

This proves Ron Paul is a nutter and knows nothing about economics

Boehner too, but who is surprized by that, I think even the paulbots knew that.