bobbyw24
11-06-2011, 01:44 PM
Federal Reserve Chairman Ben Bernanke has guided the central bank to “reckless,” inflationary policy that is depressing the economy, says Peter Schiff, CEO of Euro Pacific Capital.
The Fed has lowered its predictions for GDP growth to 1.6-1.7 percent this year from 2.7-2.9 percent previously, and to 2.5-2.9 percent next year from 3.3-3.7 percent previously.
"You might call it over propaganda," Schiff tells Yahoo. "I think the U.S. economy is getting worse, and the Fed is constantly having to ratchet down its previous expectations."
http://www.moneynews.com/StreetTalk/Schiff-Reckless-Bernanke-Crisis/2011/11/04/id/416852
The Fed has lowered its predictions for GDP growth to 1.6-1.7 percent this year from 2.7-2.9 percent previously, and to 2.5-2.9 percent next year from 3.3-3.7 percent previously.
"You might call it over propaganda," Schiff tells Yahoo. "I think the U.S. economy is getting worse, and the Fed is constantly having to ratchet down its previous expectations."
http://www.moneynews.com/StreetTalk/Schiff-Reckless-Bernanke-Crisis/2011/11/04/id/416852