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The Federal Reserve Needs To Be Boring Again

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posted on May, 14 2009 @ 01:34 PM
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The Federal Reserve Needs To Be Boring Again


www.forbes.com

The financial crisis forced the Fed to be aggressive and creative in its attempts to provide liquidity to credit markets that had frozen up. These were necessary steps, and mostly applauded.

Congress is now clamoring to audit the Fed, and some of the policy proposals currently under discussion at the Federal Reserve will only increase the threat to its independence.

An independent central bank can focus on monetary policies for the long term--that is, policies targeting low and stable inflation and a monetary climate
(visit the link for the full news article)




posted on May, 14 2009 @ 01:34 PM
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Forbes Magazine Against HR 1207?
Is this where it starts?

Forbes???????


A politically insulated central bank is more likely to be concerned with long-run objectives.

Ya THEIR objectives!

Yes theirs, because they applaud the FED when they only care for their objectives with NO ovesight!

What's wrong with Forbes here?

I can't believe I used to be a Forbes subscriber.

At least the article is being exposed, click on read comments at the bottom hahaha

www.forbes.com
(visit the link for the full news article)



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