Bernanke: 'A Trillion There, A Trillion Here' From The Fed Won't Fix The Deficit |
| June 08, 2012 | June 2012 Bond Updates |
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The heat rose on Capitol Hill Thursday as Fed chief Ben Bernanke got grilled by policymakers, minutes after delivering bland prepared remarks. The Chairman rejected the notion that artificially low rates, set by the Fed, gave the U.S. a false sense security, allowing Congress to procrastinate. Bernanke also joked that “a trillion there, a trillion here” from the Fed wouldn’t solve the budget deficit, but that it was Congress’ job to figure it out. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/06/07/bernanke-a-trillion-there-a-trillion-here-from-the-fed-wont-fix-the-deficit/ |
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