“in a move without modern precedent”

by twit

feel that?

With its benchmark lending rate effectively at zero, Federal Reserve Chairman Ben Bernanke on Tuesday, in a move without modern precedent, publicly laid out an aggressive agenda for the nation’s otherwise secretive central bank and suggested that he’s hardly out of ammunition to fight the global financial crisis.

that’s a new era being born…

In a lengthy speech to the London School of Economics, Bernanke also gave explicit support to efforts by Congress and President-elect Barack Obama to create the largest short-term economic stimulus plan the nation’s ever seen.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: