When Gas Hits $4, Main Street Is Going To Wake Up To Bernanke’s Pro-Inflation Madness
Oct. 5, 2010
Jon Hilsenrath (WSJ) has yet another article on Fed propaganda to ease the way to QE-2. Today it was Chicago Fed boss Charles Evans doing the talking. He is in love with the Fed stuffing its balance sheet further.
He favors “much more [monetary] accommodation than we’ve put in place.”
It’s hard to imaging being more accommodative than the Fed is today. We have ZIRP. We have nearly daily POMO. Rates have never been this low. Ever. We have broken some golden rules on monetization. And Evans thinks we need “much more”?