Thursday, January 17, 2008

Bernanke and Pianalto

We had two hacks from the Fed speak today. Bernanke was pathetic, and Pianalto speaking before the Association for Corporate Growth in Cleveland, echoing Bernanke had this to say:

"Risks remain to my inflation outlook, including the risk of losing the public’s confidence in the Federal Reserve’s commitment to price stability. I will continue to closely monitor the inflation situation, including the behavior of inflation expectations."

Hey Fed, get a clue. The markets have already lost confidence in this Fed! The only ones that haven't lost confidence in the Fed is Congress!

But then, we had Congresswoman Marcy Kaptur of Ohio, identify Bernanke as Paulson!!

So the clueless laud the clueless!


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