The Federal Reserve will not allow its unorthodox policies to trigger a surge in inflation, but may still need to do more to ease credit if the economy remains weak, the Fed’s No. 2 official said on Saturday.
Donald Kohn, vice chairman of the Federal Reserve, said that six quarters into the recession, the path of the U.S. economy was unclear and the Fed must be flexible.
They can’t even control the flow of credit from the banks, or the housing industry, or the stock market, but they want you to think they can control inflation.
Yeah, sure. I’ll take some beachfront property to go with my bridge, please.
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