© 2024 Blaze Media LLC. All rights reserved.
"significant risks"
WASHINGTON (AP) — A Federal Reserve official with a close working relationship with Chairman Ben Bernanke is expressing skepticism over the Fed's new $600 billion program to bolster the economy.
Kevin Warsh, a Fed governor, warns that there are "significant risks" associated with the Fed's bond-buying program, including the potential for triggering inflation.
The Fed's program, announced last week, is aimed getting Americans to spend more and invigorate the economy by making loans cheaper. But Warsh doubts the program will have "significant" or "durable benefits" for the economy. Despite his reservations, Warsh voted for the program.
During the 2008 financial crisis, Warsh worked closely with Bernanke to craft programs to get credit — the economy's oxygen — to flow again.
Want to leave a tip?
We answer to you. Help keep our content free of advertisers and big tech censorship by leaving a tip today.
Want to join the conversation?
Already a subscriber?
more stories
Sign up for the Blaze newsletter
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.
© 2024 Blaze Media LLC. All rights reserved.
Get the stories that matter most delivered directly to your inbox.
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.