Daily Archives: August 3, 2012

What’s In Bernanke’s Toolbox?

We got this message from out friend JR:

“Bernanke said the Fed has three tools left in the box to promote growth. He can reduce the rate the Fed pays on reserves banks deposit overnight with the Fed. He said the Fed can communicate its intentions differently. And he said further asset purchases could happen.”

Thoughts? I think we already discussed Door #1. Door #2 – well, ok… he can wear a clown suit in his next speech. That might be more effective; Door #3. That’s the Lusitania door. Or maybe the Bismark. You know, it lost its rudder, then finally got blown out of the water.

Rather than limit our reply to an email, we thought we would share it with others.

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