Category: Federal Reserve

“Mr. President, I told you I would.”

2 September, 2010 (10:53) | Federal Reserve, Global news, Monetary Policy, Politics, Recession, US News |

By: David A. Smith    “Ben!  What are you doing about the economy?  “ “Mr. President, I’m doing what I told you I would.” – not overheard on a non-wiretapped line   “You can’t accuse me of inconsistency.”   You have to forgive Politico for seeing only the politics of the most recent not-rainy-enough pronunciamento […]

A win is a win: Part 2, what didn’t happen

17 February, 2010 (10:40) | Bernanke, Capital markets, Federal Reserve, Housing, Inflation, Policy, US News |

By: David A. Smith   [Continued from yesterday's Part 1.]   Yesterday, examining the New York Times‘ reporting of Ben Bernanke’s reconfirmation as Federal Reserve Chairman, we saw that the Times focused on what happened – a 70-30 final vote – rather than the mountainously glaring things that didn’t happen:   “But the Senate did […]

A win is a win: Part 1, what happened

16 February, 2010 (13:07) | Bernanke, Capital markets, Federal Reserve, Housing, Inflation, Policy, US News |

By: David A. Smith   It’ll go down in the box score as a line drive, baseball announcers chortle when a seeing-eye dribbler finds the hole between shortstop and third – as if claiming a base that way is somehow unmanly.    Doesn’t look unmanly to me   Yet newly reconfirmed Chairman Ben Bernanke knows, […]