...The One-Minute Pundit
Monday, August 08, 2011
Bernanke May Move to Boost Confidence
OH oh, what'll he do NOW for the Wall Street Casino?
Other options for the Fed include pledging to hold its key interest rate near zero until a specified date, which would strength its current promise to keep rates low for an “extended period.” The Fed could also reduce the 0.25 percent interest rate it pays banks on excess reserves parked at the central bank, a move that might spur growth by encouraging banks to lend.
TRANSLATION: He's loading his gun with blanks!