Currency Traders Laugh at Bernanke’s Jackson Hole Jawboning

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Currency Traders Laugh at Bernanke’s Jackson Hole Jawboning

In a speech laden with true indecisive “economist-speak”, Fed chairman Bernanke headlined his performance from Jackson Hole with assurance that the Fed “will do all that it can” to keep the economic “recovery” (sarcastic quotes mine) rolling. From Bloomberg: Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank “will do all that it can” […]

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Evidence the Fed is, Indeed, Interested in Self Preservation

Most of the inflation arguments touted about in the press center around the Federal Reserve’s unlimited ability to create money.  And while the Fed may be a relatively sovereign entity (probably scarily so!) – it is still accountable to Congress, and ultimately the American public. The Fed can only print as much money as the […]

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