Financial squeeze upward
May 31, 2010 § Leave a comment
All movements in the economy get managed and gamed. The desire now is to keep income stable or up in the top 10%and take cash from the fest. So the deficit will be repaid by in part taking back stimulus and cutting unemployment this ia a sign of bad faith that will make climate response more difficult.
WASHINGTON — The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.