Page 13 - Fed Speak News Today

Issue of raising rates next year. >> we know that moving too slowly, keeping interest rates to low for too long could risk other issues with the form of higher inflation or destabilizing financial imbalan imbalances. >> that is fed speak. the two words that sent the dow 620 points higher. powell said the rates are just below the so-called neutral range. that is the level central ban r bankers will believe will move the rates. the fed left rates unchanged this month. investors believe the fed may...

>> and they get stuff wrong all the time. here is what ben bernanke said went wrong before the housing bubble burst. >> the sub prime market seems to be contained. >> wrong and sounds like they are printing money. >> sounds like they are printing money. >> nuh-uh. >> one myth out there is what that we are printing money. were not printing money. >> is that tax money that the fed is spending? >> it is not tax money. much more akin to printing money than borrowing. >> you have been printing money....

Destroy the money. way back to ancient chinese history, they tried this and nothing worked. this is what the constitution said. nothing but gold and silver can be legal tender. i can suggest the transition is to legalize competition. >> currency competition. >> right. currency competition where the market, you know, maybe bit coin offers competition. >> which is legal, as far as -- >> yes. but the government doesnt like it, either. we have to wait and see what they do about it. they will probabl...

High inflation. and it is not just the expansion of the monetary base. thats what i think a lot of the, lets call them the gold bug is, people afraid of immediate inflation, look at the expansion of money and they say, hey, hilton friedman taught us that expansion of money means inflation. what matters is not just the monetary base, it is also the velocity of money. our banks lending is the financial system healthy. on one hand the fed is on one side printing money. if you want to think of it as...

Dragged meat back to the city. just to have food. it was a lot worse than some of the anecdotes would lead you to believe. >> and it lead to anger and rise of hitler. >> correct. it fed directly into that. and other things were involved. but with inflation or hyper inflation, you get winners and losers. winners are people who can see it coming. they have hard assets. warren buffett is an example. there is land, mining rights, he was dumping dollars and getting into -- >> the industrialist is sti...

With central planning in our economy, more than ever in history in secret. >> at 500 billion of mortgages, biggest playser in the housing market -- >> by far. >> $2 trillion in government debt. >> central planning. didnt work in communist countries. >> throughout history we have seen that market economies do bett better. why are we choosing to give the fed more power and influence p. they should start handing that power back to the market. >> thank you, jim bruce. your films great. people can, i...

Creativity. he took bold action needed to avertanother depression, helping us stop the freefall, shore up our banks, get credit flowing again. and all this has made a profound difference in the lives of millions of americans. a lot of people arent necessarily sure what the chairman of the federal reserve does, but thanks to this man to the left of me, more families are able to afford their own home, more small businesses are able to get loans, to expand and hire workers. more folks can pay their...

He took bold action that was needed to avert another depression. helping us stop the free fall stabilize financial markets. shore up our banks, get credit flowing again. and all this has made a profound difference in the lives of millions of americans. a lot of people arent necessarily sure what the chairman of the federal reserve does, but thanks to this man, to the left of me, more families are able to afford their own home, more small businesses are able to get loans, to expand and workers, m...

Holding off for that long. obviously bernanke is not going to come out and say just that, but the market will be listening very closely to anything that the statement says that would allude to these better-than-expected numbers. theres still a debate as to whether gdp is growing. retail sales were up 1.1%. the strongest gain since last september. we also heard from small businesses. the national association of small business out with its optimism survey and that showed the biggest jump in a year...

He o hes laying out in fed-speak, but in plain economics, he is laying out where the economy is right now and the challenges to the economy and where they see things going, and what the fed is doing and the levers it is pushing and pulling inside of the economy to keep things moving so that there is oxygen for economic growth, for businesses an kd consumers and e like. but after this, when the reporters ask questions, certainly, they will be asking about inflation, and they will be asking about ...