Federal Reserve Chairman Ben Bernanke said Wednesday that the U.S. economy’s growth rate will pick up over the rest of 2011, to nearly 3 percent, according to projections presented to Congress. Bernanke says employment was significantly improved by the recent round of quantitative easing which injected another $600 billion dollars into the financial system, which […]
Washington — 42 years ago, the Kenner report, issued by President, Lyndon B. Johnson claimed that our nation was “moving toward two societies, one black, one white—separate and unequal.” Today,the Federal Reserve Chairman, Ben Bernanke told “60 Minutes” that income inequality in America is creating “two societies” primarily based on education. The Huffington Post reports: […]
VIA CNN: WASHINGTON (CNNMoney.com) — President Obama announced Tuesday that he plans to nominate Ben Bernanke to a second term as head of the Federal Reserve. “Ben Bernanke, has led the Fed through the one of the worst financial crises that this nation and this world have ever faced,” Obama said from Martha’s Vineyard, Mass., […]
