Helpful information about why, how The Fed is handling economic crises
The CBS show “60 minutes” has a great interview and feature going on as I write this with Federal Reserve Chairman Bernanke. Very revealing, and it helps understand why the Fed does what it does and why they believe current governmental efforts to deal with this horrendous economic situation will work.
Bernanke certainly seems to have the credentials for the job, and with the help of Congress, the Federal Reserve board seems to be getting things straight.
I know very little about economics and frankly have little expertise for saying, “No, no, no, this won’t work,” or “Yeah, this is what needs to be done.” I suspect I’m not alone on that. I further suspect those who see simplistic answers to this whole mess of our economy and the world economy are probably wrong.
So, quit reading my babbling right now, turn on your television and — assuming it’s possible in your area right now — watch this. Or look for excerpts online at CBS News and/or YouTube. Very revealing, interesting stuff.