World Markets Rally on Fed Vow to Do More
World stock markets rallied Friday after Federal Reserve Chairman Ben Bernanke signaled that the central bank would do more to stimulate the U.S. economy.
World stock markets rallied Friday after Federal Reserve Chairman Ben Bernanke signaled that the central bank would do more to stimulate the U.S. economy.
Here's a quick primer on the Fed, why you never want a central bank to have to do anything, and the reason why we all hang on Ben Bernanke's every word.
Everyone now knows the federal government is about to run up against its limit for borrowing money, but everyone also knows that governments can -- and do -- just print the stuff. Washington owns the Bureau of Engraving and Printing. Could the way to sidestep this looming crisis be just making more money?
Politicians in both Greece and the U.S. are struggling to find the common ground necessary to keep their governments from defaulting on their debts; QE2 hasn't ended yet, and already the Fed is considering QE3; and the SEC finally starts to regulate Wall Street's hedge funds.



