June 7, 2011, 4:42 p.m. EDT
Bernanke takes his critics back to school
Commentary: Supply, demand explain rise in commodity prices
By MarketWatch
WASHINGTON (MarketWatch) — The people who blame the Federal Reserve for all of our problems are starting to really get under Ben Bernanke’s skin.
Bernanke devoted nearly half of his major address on the economic outlook to debunking the charge by his critics who say the Fed’s ultra-accommodative policies are responsible for high gas prices, high food prices and the falling dollar.
It's not the first time that the Fed chairman has fired back at critics of his unusual approach to monetary policy in an unusual time — those who say that ultralow interest rates and the massive expansion of the Fed’s balance sheet have fueled an epic bubble in assets, including commodities.
Full story: http://www.marketwatch.com/story/bernanke-takes-his-critics-back-to-school-2011-06-07?dist=beforebell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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