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 This material may not be published, broadcast, rewritten or redistributed.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:
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
Top Stories
You May Also Like

Prosecutor: White House Intruder Had 800 Rounds of Ammunition in Car

Monday, 22 Sep 2014 15:39 PM

The decorated Iraq war veteran who scaled a fence on Friday night and got into the White House had over 800 rounds of am . . .

Cartel Threats Force Cancellation of Border Protest Convoy

Monday, 22 Sep 2014 15:18 PM

A planned protest to block entry by illegal migrants along the Southwest border has been cancelled because protest organ . . .

White House: Radicalized Americans Investigated After Returning to US

Monday, 22 Sep 2014 14:56 PM

The FBI is conducting an active investigation into some of the 100 Americans who went to the Middle East to join up with . . .

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