Fed has the tools to combat next recession, Bernanke says

MarketWatch/Greg Robb

Graphic image of old printing press, black and white“All is not lost, according to Ben Bernanke, who led the Fed through the aftermath of the Great Recession. During a panel discussion hosted by the Brookings Institution, he estimated the Fed’s so-called unconventional policies, if used wisely, are the equivalent of 3 percentage point of interest rate cuts.”

USAGOLD note: Wall Street can now sleep at night assuming it can block out the constant hum of the printing press running in the background.  For details, please visit the link.

Repost from 10-3-2019

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