“in a move without modern precedent”
January 14, 2009 Leave a comment
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.