Hot! Fed Reserve Chairmen Reassuring on Dollar-Printing Programs

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United States Federal Reserve Chairmen Ben Bernanke told the Senate and House Representatives in a testimony early this week that his programs of “dollar-printing and ultra-cheap credit for the banks would continue indefinitely.”

His reassurance to Wall Street on the status of his large-scale program of bond purchases, known as “quantitative easing,” was part of the Fed’s Semi-annual Monetary Policy Report to Congress.

Labor Law Thailand 
Thailand’s employment laws, governed by the Department of Labor, Protection and Welfare, regulate employment and working conditions.

According to World Socialist Web, “the Fed pumps tens of billions of dollars every month into the banking system, driving up the prices of stocks and other financial assets” by way of his program.

The concerns come because of a January meeting minutes review released by the Fed, that reported many concerns from participants about the consequences and length of the program.

Read the full article here.

 

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Flickr photo courtesy of SalFalko

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