Bernanke warns that premature ending of Fed's stimulus efforts would carry substantial risks

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: May 22, 2013 - 1:27 PM

WASHINGTON - Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.

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cks1950May. 22, 13 9:32 AM

Flooding the system by printing money, but only get "moderate growth", is all one needs to know that the blamer's economy is not working.

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staransicklMay. 22, 1311:16 AM

To infinity and beyond!

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hjlazniMay. 22, 1311:51 AM

Do they print new money or take it out of the till to purchase bonds and securities? Someone, please teach me.

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dumbgopMay. 22, 1312:35 PM

This strategy has not worked in four years, but this time will produce different results....right?

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puckerupzzMay. 22, 1312:41 PM

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak so what does the US Senate do? The US Senate move foreword an immigration bill that will increase the rate of flooding the US Labor market with cheap foreign labor. Not only will the bill had 12Million "undocumented immigrants" worker visas is will also import another 36,000,000 high-tech and low skill foreign workers to compete with working and unemployed Americasn over the next decade for jobs, wages and benefits.

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puckerupzzMay. 22, 1312:42 PM

Flood the systen with money. Flood the labor market with cheap foreign labor. Sounds like everybody loses except fot Corporations and Business Owners.

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bblheadMay. 22, 13 1:32 PM

What purpose does the 'fed' serve? All they do is mess up the system. Quit printing money like it's toilet paper and give up on trying to control the market. People will spend what they can afford to spend and that's it. Keep making credit cheap and the mortgage bubble will seem like a bump in the road. School loans, credit cards, and personal loans will pop next.

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fatredneckMay. 22, 13 3:19 PM

According to the obamabots, Obama through sheer economic genius has single handedly saved us from the hole GW left us in (curiously enough by doing the same thing as W only more so, how's that for irony?!) so why do we need stimulus at all?? Boy when the crash comes, it will be hard....you can buy a lot of stocks with monopoly money, but eventually the game is up and the harsh reality of collapse will be realized.

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dogmanMay. 22, 13 3:42 PM

Thankfully republicans can't obstruct the Fed. It's a shame those petulant children continue to shirk their obligations and force the Fed to pick up the slack.

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mouthwashMay. 22, 13 3:48 PM

Perhaps Ben Bernanke should consider a career change to film reviewer on "At The Movies".

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