Daily news and opinion from le Chat Marchet
June 25th, 2008 at 4:10 pm

Fed talking tough on the threat of inflation (AP)

Posted in: le Chat Marchet

In this  April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. Straddling risky economic crosscurrents, the Federal Reserve is expected to stand still this week on interest rates.  (AP Photos/Susan Walsh, File)AP - Federal Reserve Chairman Ben Bernanke and his colleagues are updating Teddy Roosevelt’s admonition to speak softly and carry a big stick. The Fed policymakers are starting to raise their voices while brandishing the stick even though they don’t appear ready to use it.


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