Revere
Rookie
- Banned
- #1
Or do anything besides stabilizing the currency and the money supply?
Does this fucker think he works for Obama, too?
Bernanke: Fed Program Could Help Create 1 Million Jobs
Does this fucker think he works for Obama, too?
Bernanke: Fed Program Could Help Create 1 Million Jobs
The Federal Reserve's efforts to stimulate the economy could lead to the creation of as many as 1 million jobs, Fed chairman Ben Bernanke said, according to Senator Richard Shelby (R - Alabama), Bloomberg reports.
The quantitative easing program, in which the Fed will buy up to $600 billion of U.S. government debt from clients including the nation's biggest banks, has come under fire in recent weeks, as government figures and civilians have subjected the Fed to an unusual amount of criticism.
This week, Republican leaders in Congress said they wanted to strip the Fed of its goal of fostering "maximum employment," leaving it with only its responsibility to oversee "price stability."