Tags: bernanke | fed | ecb | inflation

Rogers: Put Europeans in Charge at U.S. Fed

Monday, 30 Aug 2010 09:49 AM

A U.S. recovery will be on hold until the Federal Reserve and Treasury cut off the easy money, warns billionaire investor Jim Rogers.

Fed Chief Ben Bernanke told a conference of central bank heads on Friday that the U.S. monetary authority would not let the United States fall back into recession.

In a poll, 60 percent of the economists in the National Association for Business Economics (of 242 members) surveyed from July 30 through Aug. 10 said Bernanke's policy was "appropriate" for the conditions the economy currently faces — short-term deflation and long-term inflation risks.

Rogers is undaunted.

"I'd rather have the Europeans running the U.S. central bank than the people running the U.S. central bank, least they know how to try to build for the future," Rogers told CNBC Monday.

“In America, Bernanke just says we'll print more money, we'll spend more money, even though the United States is now the largest debtor nation in the history of the world."

Read the whole story here.

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A U.S. recovery will be on hold until the Federal Reserve and Treasury cut off the easy money, warns billionaire investor Jim Rogers. Fed Chief Ben Bernanke told a conference of central bank heads on Friday that the U.S. monetary authority would not let the United States...
bernanke,fed,ecb,inflation
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2010-49-30
Monday, 30 Aug 2010 09:49 AM
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