Tim Iacono takes an unimpressed stance with regard to Federal Reserve Chairman Ben Bernankes statements to the Joint Economic Committee on October 4, 2011. Bernanke remarked that while the Fed would do everything in its power to create an optimal economic environment for Americans, the responsibility for economic recovery rested on the shoulders of everyone, including those who negotiate fiscal policy in the areas of trade, housing, taxation and regulation. In other words, Bernanke admitted printing more money in every instance of financial dire straits may not be the best answer, and that it was time for Congress to do its part. For more on this continue reading the following article from Tim Iacono.
It would appear that Federal Reserve Chairman Ben Bernanke is doing all that he can to ensure that conditions for both the U.S. economy and financial markets get worse not better.
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