Bumbling Bernanke of the Federal Reserve

Ben Bernanke, who heads up the Federal Reserve Bank, no doubt works hard at his job, and his intentions are fine. But he’s been bumbling along.

His buying of bonds builds up future inflation. His zero interest policy is great for big banks and speculators, at the expense of small business and the middle class.

           

Moreover, I feel his media-event open conferences don’t do the American economy any good. The actions of the Fed should not be disclosed to the public in advance.

           

The Fed is most effective when it creates economic shock, not by tipping off the financial world in advance. Otherwise, all the financial players will act in advance and help counteract what Fed action is supposed to do. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)