from The Daily Bell
Under Ben Bernanke, a more open and forceful Federal Reserve … In what might be his final years as chairman of the Federal Reserve, Ben S. Bernanke is transforming the U.S. central bank, seeking to shed its reclusive habits and make it a constant presence in bolstering the economy. The new approach would make the Fed’s policies more responsive to the needs of the economy — and likely more forceful, because what the Fed is planning to do would be much clearer. A key feature of the strategy would be producing a detailed set of scenarios for when and how the Fed would intervene, which would mark a dramatic shift for an organization that throughout its history has been famously opaque. – Washington Post
Dominant Social Theme: The Federal Reserve is maturing with the times.
Free Market Analysis: More Fed promotions; it never ceases, of course. Control money and you control society. And those “in charge” have a vested interest in ensuring the social solvency of the Fed.
We were on record years ago with the idea that the Fed had lost its moral authority in this Internet era. And we see no reason to revise our view. The Fed and its leader, Ben Bernanke, are flagellated every day by both the mainstream and the alternative media, deservedly so. And yet in the 20th century this was not the case.