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View Full Version : Ron Paul's Statement on Federal Reserve's Press Conference




bobbyw24
04-27-2011, 03:34 PM
"Chairman Bernanke's press conference today was unprecedented, and it demonstrates that Federal Reserve officials are very concerned about growing public criticism of Fed policies. Although Mr. Bernanke predictably provided no substantive information, the American people want real answers about Fed bailouts, lending to foreign banks, and most of all inflation. Mr. Bernanke continues to ignore his culpability for the inflation all Americans suffer due to the Fed's relentless monetary expansion. Rising prices are the direct result of Fed devaluation of our dollar. Yet rather than addressing the Fed's loose dollar policy, Mr. Bernanke continues to assure us that inflation is not a problem.

http://paul.house.gov/index.php?option=com_content&view=article&id=1854%3Astatement-on-federal-reserves-press-conference&catid=63%3A2011-press-releases