Thread: Ron Paul slams Fed’s bond-buying program; Political Pressu

Wednesday, February 09, 2011 1:49 PM

Ron Paul slams Fed’s bond-buying program; Political Pressure on Fed Mounts

MarketWatch reports Paul slams Fed’s bond-buying program http://www.marketwatch.com/story/rep-ro ... _news_stmp

Outspoken Federal Reserve critic Rep. Ron Paul, R-Texas, slammed the central bank’s latest $600 billion bond-buying program on Wednesday, saying it and near-zero interest rates haven’t led to job creation in the United States.

“Over $4 trillion in bailout facilities and outright debt monetization, combined with interest rates near zero for over two years, have not and will not contribute to increased employment,â€

Wednesday, February 09, 2011 12:25 PM

Republicans Attack Dual Mandate; Bernanke Defends QE Yet Again, Says Unemployment will "Remain Elevated", Chastises Congress on Fiscal Policy

Like a broken record, Bernanke keeps playing the same tune, this time to the House Budget Committee. Please consider Bernanke Says Unemployment to `Remain Elevated' http://www.bloomberg.com/news/2011-02-0 ... cline.html


Federal Reserve Chairman Ben S. Bernanke said the unemployment rate is likely to remain high “for some timeâ€