February 24, 2013 at 22:13 PM EST
Fed governor Jerome H. Powell
And it all still goes unchallenged by the media. I received this from an associate: Discussion of “Crunch Time: Fiscal Crises and the Role of Monetary Policy” “Three important propositions underlie the authors’ argument on this issue: The federal government’s fiscal path is unsustainable under current policies. If the market concludes that a government either [...]

And it all still goes unchallenged by the media.

I received this from an associate:

Discussion of “Crunch Time: Fiscal Crises and the Role of Monetary Policy”

“Three important propositions underlie the authors’ argument on this issue:

The federal government’s fiscal path is unsustainable under current policies.

If the market concludes that a government either cannot or will not service its debt, the central bank may be forced to choose ultimately between monetization leading to inflation or standing by as the government defaults–the threat of “fiscal dominance.”

The Federal Reserve’s balance sheet is currently very large by historical standards and still growing. The process of normalizing the size and composition of the balance sheet poses significant uncertainties and challenges for monetary policymakers.

I believe all of these statements to be true. They are also widely, if not universally, accepted.”

>   
>   Powell cites this one which is really bad (perhaps not surprisingly, it was edited by an
>   economist from the German Finance Ministry)
>   

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here