Federal Reserve Chairman!

I just read about this news on the wire.  Federal Reserve Chairman Ben Bernanke is hinting that there will be no further interest rate cuts because of the chance of inflation.  From what I got out of this news report, Bernanke is hoping that the government’s $168 billion stimulus package of rebate checks for us and tax breaks for businesses will help the economy.  I agree with him, these checks should help.  Here’s the thing though, like most of us, we know times are bad, and are saving our checks.  Yes, we should be spending them, but we’re not.  Also, lowering the interest rate isn’t going to help anymore.  We’ve already lowered it to our lowest in 4 years.  Hopefully the experts will get a handle on this mess we’re all in.  If they don’t, we’ll all be feeling it much harder than now.

Tags: Federal Reserve Chairman