I encourage newsmakers to talk whenever they want to — or even when they would rather not. An informed public is a good thing, after all.
But Paul La Monica, assistant managing editor for CNNMoney, makes an interesting case for tell Federal Reserve Chairman Ben Bernanke to clam up.
Bernanke and the Fed deserve credit for helping “save the U.S. economy from a fate that could have been much worse in 2008.”
But the markets would be better off without the Fed’s new “transparency” policy, La Monica says.
With calls growing for Congress and the President to put aside politics, will the Washington politicians finally reach agreement on the debt ceiling controversy?
I doubt it. Look for a few more days of political theater. The deadline is still a couple weeks away, after all.
Eventually the pols will act. It’s hard for them to ignore political self-interest, but they have to do what’s best for the country, right?
All those pundits who think they know how to fix the economy, might want to call University of Tennessee student Gregg Rader for some real insight.
Rader, an economics junior, recently was named Pearson’s Future Economic Insider at the National Economics Insider Symposium held in Washington, D.C. this month.
Rader was was one of 12 finalists who presented their ideas for how to improve the economy to a panel of international experts.
Corporate America looks like it’s starting to hire again – the unemployment rate has fallen to its lowest level in 19 months.
And Federal Reserve Chairman Ben Bernanke tells Senate Budget Committee this morning that the recovery is taking hold, although it will take years for jobs to bounce back to pre-recession levels.