Fed's Yellen supports "experimental approaches" to prevent deflation

Nearly everyone is hopping on the Keynesian bandwagon as the urge to try something, anything, to halt this economic slide is simply overpowering ... programs will be helpful in restoring credit flows,” Yellen said. “But many of the new approaches ... with vigorous Fed action to restore credit flows, an extended period of economic weakness is likely,” [more...]

Date: 2009-01-05 00:34:00

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President-Elect Obama's First Press Conference.

1. 2. The first thing that was notable about Obama's press conference was that he spoke like an adult speaking to other adults ... all necessary steps to ease the credit crisis, help hard-working families, and restore growth and prosperity," he said. Asked about a letter from Mahmoud Ahmadinejad, Iran's president, Obama did [more...]

Date: 2008-11-08 07:06:53

Complete transcript of Pres.-elect Barack Obama's first news conference

... steps to ease the credit crisis, help hardworking families and restore growth and prosperity [more...]

Date: 2008-11-07 21:55:26

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