Comments on: Bernanke raises the curtain on the Federal Reserve http://blogs.reuters.com/gregg-easterbrook/2011/04/27/bernanke-lowers-the-curtain-on-the-federal-reserve/ Tue, 25 Sep 2012 00:58:59 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: mheld45 http://blogs.reuters.com/gregg-easterbrook/2011/04/27/bernanke-lowers-the-curtain-on-the-federal-reserve/comment-page-1/#comment-2304 mheld45 Mon, 02 May 2011 01:48:29 +0000 http://blogs.reuters.com/gregg-easterbrook/?p=760#comment-2304 The Fed was created to be politically independent for a reason. We see with painful clarity how politicians are bought by special interests. Populist monetary policy would be a disaster. Let's hope Mr Bernanke doesn't make this press conference gig a habit. The Fed was created to be politically independent for a reason. We see with painful clarity how politicians are bought by special interests. Populist monetary policy would be a disaster. Let’s hope Mr Bernanke doesn’t make this press conference gig a habit.

]]> By: tradingdaze http://blogs.reuters.com/gregg-easterbrook/2011/04/27/bernanke-lowers-the-curtain-on-the-federal-reserve/comment-page-1/#comment-2268 tradingdaze Thu, 28 Apr 2011 15:16:44 +0000 http://blogs.reuters.com/gregg-easterbrook/?p=760#comment-2268 What would a weak dollar policy look like? What would a weak dollar policy look like?

]]> By: Missinginaction http://blogs.reuters.com/gregg-easterbrook/2011/04/27/bernanke-lowers-the-curtain-on-the-federal-reserve/comment-page-1/#comment-2257 Missinginaction Wed, 27 Apr 2011 22:16:25 +0000 http://blogs.reuters.com/gregg-easterbrook/?p=760#comment-2257 I'd love to comment, but really don't have anything to add. You've covered it extremely well Gregg. This piece should run in every newspaper in the country. Thank You, MIA I’d love to comment, but really don’t have anything to add.

You’ve covered it extremely well Gregg.

This piece should run in every newspaper in the country.

Thank You,

MIA

]]> By: Bob9999 http://blogs.reuters.com/gregg-easterbrook/2011/04/27/bernanke-lowers-the-curtain-on-the-federal-reserve/comment-page-1/#comment-2255 Bob9999 Wed, 27 Apr 2011 20:37:27 +0000 http://blogs.reuters.com/gregg-easterbrook/?p=760#comment-2255 When the Federal Reserve and other Federal government agencies talk about inflation, their talk is complicated by the fact that energy and food prices don't really count -- even though that's where price increases show up. It is also the case that one way companies kept prices from rising over the last 10 years or more was by moving manufacturing overseas to low-labor-cost areas. That reduced the amount of value generated within the American economy, thus making the country poorer. But that is not the fault of the Federal Reserve, and there is nothing the Fed can do about it. As for inflation, certainly, I feel that our family expenses are substantially higher than they were a year or so ago, even though we are buying the same kind of stuff (which includes gasoline and food). When the Federal Reserve and other Federal government agencies talk about inflation, their talk is complicated by the fact that energy and food prices don’t really count — even though that’s where price increases show up. It is also the case that one way companies kept prices from rising over the last 10 years or more was by moving manufacturing overseas to low-labor-cost areas. That reduced the amount of value generated within the American economy, thus making the country poorer. But that is not the fault of the Federal Reserve, and there is nothing the Fed can do about it. As for inflation, certainly, I feel that our family expenses are substantially higher than they were a year or so ago, even though we are buying the same kind of stuff (which includes gasoline and food).

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