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Federal Reserve Chairman Ben Bernanke's semi-annual indication on financial policy to the Senate exposed more and more bearish views on the US economy, and growing anxiety about increasing inflation weights. However, with these conflicting risks keeping a bit of a room for mistake with adjustments to the fed funds rate, the Federal Reserve and government might favor a step up of their interposition attempts, with the newest legislation permitting the Treasury to give extra credit to Fannie Mae and Freddie Mac.
“…as events in recent weeks have shown, many monetary markets and organizations stay under substantial stress, partly because the position for the economy, and in consequence for credit value, stays unsure,” said Ben Bernanke, Federal Reserve Chairman.
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Posted on Jul-16-2008
