Ending economic stimulus: Timing is essential ZOOMING IN Rudy Romero 01/15/2010

Ending economic stimulus: Timing is essential ZOOMING IN Rudy Romero 01/15/2010 The principal function of a central bank has been said to be that of keeping an economy operating in an environment of steady expansion. To this end the central bank deploys its powerful tools — rules and regulations relating to money supply, interest rates, bank reserves and foreign exchange — in a manner designed to prevent, or minimize the impact of, excessive upward or downward economics movements. A former chairman of the Federal Reserve Board, the US’ central bank, put it this way: “A central bank leans against the prevailing economic winds.” Since 2008 the winds prevailing in the world economy have been ferocious and have threatened to bring on a world downturn worse than the Great Depression .... MORE Source:  The Daily Tribune ALTERNATE URL: http://www.classicposters.com/commentary/20100115com3.html

COMMENTARY EDITORIAL Exaggerated exit rumor FRONTLINE Truth meter ZOOMING IN Ending economic stimulus: Timing is essential MR. EXPOSE No caution, no decency NO HOLDS BARRED Showtime DIE HARD III Major Estrada surge looming