Bernanke Signals What Is Coming
July 20, 2013
It looks like Ben Bernanke is getting ready to exit. That is Mr. Bernanke, not the Federal Reserve. He is leaving before the roof caves in.
Bernanke is getting ready to vacate his position. Apparently Janet Yellen is dumb enough to replace him, although that is not yet confirmed. What kind of a person steps in front of a speeding train when there is nothing that can be done to stop it?
The Federal Reserve has no plans to exit. It is not possible based on simple economic observation. Even Mr. Bernanke agrees:
“I don’t think the Fed can get interest rates up very much, because the economy is weak, inflation rates are low,” Bernanke told the House Financial Services Committee.