"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Bernanke Signals Further Rate Cuts
Submitted by Christopher Lempa on Thu, 2008-02-28 17:00
"With the Federal Reserve trying to navigate a challenging course between slowing growth and rising inflation, the central bank's chairman tried to address the twin dilemmas in his semiannual monetary policy testimony before Congress on Feb. 27. The verdict from Fed watchers: Fed Chief Ben Bernanke steered his testimony toward the 'dovish' side, placing greater emphasis on the central bank's need to shore up economic growth via monetary policy."
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