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Thursday, February 14, 2008

(Over)confident Fed?

Sorry it's been a while since my last post - I've been busy (hey, it happens):
Bernanke is very upbeat. I realize the necessity for Fed Chairs to not get too down on the economy they are helping to manage, but I think his positive feelings are'nt felt elsewhere: not with the business people I talk to, not to the news that I read, not to the consumers I know, and not apparently to Charles Schumer (D-NY):

"Aren't you underestimating, not giving enough attention to, the severity of the problem in the credit markets?" Wall Street executives "seem much more worried" about credit woes than Paulson and Bernanke.

I tend to think that is true.

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