bobbyw24
11-17-2010, 05:10 AM
Bank of Israel Governor Stanley Fischer said criticism of the U.S. Federal Reserve for its latest round of monetary stimulus is “fundamentally misplaced.”
http://www.silverbearcafe.com/private/11.10/images/Homeless_Ben.jpg
“I see this as a move which is healthy for the global economy, while creating some problems for us and the rest of the world,” Fischer said in a conference call with reporters today. “I do not see it as the U.S. shirking its responsibilities. I think its main responsibility is to get itself back to health and growth as rapidly as possible.”
Fischer also said that there has been “this tremendous focus on QE2, on the fact that the Fed is undertaking an expansionary policy, very strong criticism of the Fed, of Bernanke. I think this is fundamentally misplaced.”
http://www.bloomberg.com/news/2010-11-15/israel-s-fischer-says-criticism-of-fed-s-monetary-stimulus-is-misplaced-.html
http://www.silverbearcafe.com/private/11.10/images/Homeless_Ben.jpg
“I see this as a move which is healthy for the global economy, while creating some problems for us and the rest of the world,” Fischer said in a conference call with reporters today. “I do not see it as the U.S. shirking its responsibilities. I think its main responsibility is to get itself back to health and growth as rapidly as possible.”
Fischer also said that there has been “this tremendous focus on QE2, on the fact that the Fed is undertaking an expansionary policy, very strong criticism of the Fed, of Bernanke. I think this is fundamentally misplaced.”
http://www.bloomberg.com/news/2010-11-15/israel-s-fischer-says-criticism-of-fed-s-monetary-stimulus-is-misplaced-.html