U.S. Fed between rock and a hard place

Federal Reserve chairman Ben Bernanke just can’t win.

The markets are pressuring him to take more action to stimulate growth and assuage investor fears, while GOP presidential candidates are leaning for less action, since the stagnant economy is a key plank in their campaign platforms.

Meanwhile, president Obama is banking on a Clintonesque peace dividend as part of his plan to cut spending by $3 trillion. The plan will also raise taxes on the wealthiest Americans in a nod to recent comments made by Warren Buffet.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.