Tags: US | Fed | Stimulus

Fed Official Raises Doubts over New Fed Program

Monday, 08 Nov 2010 05:26 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — A Federal Reserve official with a close working relationship with Chairman Ben Bernanke is expressing skepticism over the Fed's new $600 billion program to bolster the economy.

Kevin Warsh, a Fed governor, warns that there are "significant risks" associated with the Fed's bond-buying program, including the potential for triggering inflation.

The Fed's program, announced last week, is aimed getting Americans to spend more and invigorate the economy by making loans cheaper. But Warsh doubts the program will have "significant" or "durable benefits" for the economy. Despite his reservations, Warsh voted for the program.

During the 2008 financial crisis, Warsh worked closely with Bernanke to craft programs to get credit — the economy's oxygen — to flow again.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Dinesh D'Souza: Obama, Holder and Sharpton Thwart Fair Inquiry

Thursday, 21 Aug 2014 18:08 PM

Conservative filmmaker Dinesh D'Souza says the entrance of President Barack Obama, Attorney General Eric Holder and the  . . .

S&P 500 Tops Record, Nears 2,000 Amid Confidence in Fed, Economy

Thursday, 21 Aug 2014 16:30 PM

Optimism that the Federal Reserve is committed to supporting a strengthening economy sent the Standard & Poor's 500 Inde . . .

Obama Dodges Ice Bucket Challenge, Writes Check Instead

Thursday, 21 Aug 2014 17:01 PM

The bucket stops with President Barack Obama.Instead of pouring cold water over his head, Obama has poured it on the ide . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved