Forum Post: A private bank that we call The Federal Reserve who caused Great Recession with reckless monetary policy via Ben Bernanke reports that CONGRESS should do more to create jobs...Fed shrugging off its dual mandate of high employment & low inflation
Posted 12 years ago on Nov. 4, 2011, 12:41 p.m. EST by FedWallFedWellFedUP
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A private bank that we call The Federal Reserve who caused Great Recession with reckless monetary policy via Ben Bernanke reports that CONGRESS should do more to create jobs...Fed shrugging off its dual mandate of high employment & low inflation
Bernanke is also shrugging Banks increasing housing market problems by, suggesting that the government could help underwater homeowners refinance and also improve the availability of mortgages for potential buyers. So the Fed just is reckless and then shrugs off its responsibilities to fix things in the people's best interest.
The Fed could easily have kept local and state government payrolls going until the economy picks up (i.e., printed the money as in the bank bailouts) but no . . .
Bernanke Rejects Bailouts Fed Chief Says State and Local Governments Shouldn't Expect Federal Loans http://online.wsj.com/article/SB10001424052748704739504576067602380461160.html
http://www.nytimes.com/2011/10/05/business/economy/fed-chief-raises-doubts-on-recovery.html
The primary goal of OWS should be to end the fed. Everybody hates them and they were never ratified properly anyway so everything they have done by driving us into debt with wars is illegal and rescindable.
What they're saying is that we own the President and want him to stay in power. This is an attack on the Republicans.