Federal Reserve Can't Rescue Debt Debacle

Source:

"Could the Federal Reserve bail Congress and the Obama administration out of their standoff? No way, no how, says Bernanke."

Washington Post, Neil Irwin

bernanke

Could the Federal Reserve bail Congress and the Obama administration out of their standoff over the debt ceiling? No way, no how, according to recent testimony by the Fed chairman and people who study the central bank.

With the government about to run out of cash to pay its bills without an increase in the legal limit on how much debt it can issue, speculation has run rampant in financial and political circles that the Fed and its chairman, Ben S. Bernanke, could use their almost unlimited ability to print money to find a way out. . .View full article

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe