Jun
08
2011

Fed a Line of Bull by the NYT

"Fed Wants Priority Put on Deficit" was the New York Times' headline over Binyamin Appelbaum's June 8 story on the front page of the business section. Summarizing a speech Fed chair Ben Bernanke gave the day before, Appelbaum wrote, "He said that growth remained slow and uneven, but he made no mention of the possibility that the Fed would intervene, noting instead that 'a healthy economic future' required a plan to shrink the federal deficit." Appelbaum also cited a speech by the head of the New York Fed, a member of the national Fed's board of governors: "William C. Dudley, […]