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Posts Tagged ‘Fed’s Summary of Economic Projections’

Federal Reserve: Economic Prognosticators or “Just Winging It”?

Posted by Larry Doyle on October 21st, 2010 6:47 AM |

All hail the mighty and powerful Federal Reserve!!

Is that right?

Are we all supposed to bow down and prostrate ourselves at the throne of Ben Bernanke and assume he is ‘all knowing’? The fact is the Federal Reserve has assumed a mantle of being ‘all powerful’ but who in our country is willing to challenge the Federal Reserve? Are we supposed to merely turn over the economic fortunes of our nation and our children’s future to one individual and one institution without aggressively calling them on the carpet? What happened to the calls for increased Fed transparency? What happened to the pressure on the Fed to justify their actions? The silence is deafening.

Those with a degree of sense on cents understand and appreciate the following: (more…)






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