Bernanke Defends Bond Purchases, Predicts Stronger GrowthBloomberg
Nov. 07, 2010
Guardian Front Page: "A 16-Year-Old Migrant Cries..."
FACT CHECK: Hillary Said 90% of Clinton Foundation Donations go to Charity. Actual Number? 5.7%
'I Want Hillary to Win Badly': Facebook Billionaires Unite to Stop Trump
Trump: Hillary's Syria Policy Would Lead to World War III
WATCH: Hillary Aide RUSHES to Her Side to Help Her Climb ONE Step!
Federal Reserve Chairman Ben S. Bernanke said the central bank must focus on the U.S. rather than overseas economies when trying to spur the recovery by purchasing an additional $600 billion in Treasuries.
“Our first objective, the first goal that we have, is to meet our mandate to get price stability and maximum employment in the United States,” Bernanke said yesterday in response to questions from college students in Jacksonville, Florida. “A strong U.S. economy, a recovering economy, is critical not just for Americans but it’s also critical for the global recovery.”
Bernanke came under fire yesterday from officials in Germany, China, and Brazil, who said his plan to pump cash into the banking system may jar other economies and fail to fuel U.S. growth. Critics including Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, have said Fed policy is encouraging investors to take on too much risk and threatens to undermine the dollar.