ron paul

Claire Jones

Fed chairman Ben Bernanke has again found himself on the receiving end of flack from a Republican. This from Texas governor Rick Perry:

If [Bernanke] prints more money between now and the election, I don’t know what you would do with him…We would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous — or treasonous in my opinion.

The implications of the barbs are potentially more serious than those the Fed chairman has received from Ron Paul – author of End the Fed, a frequent thorn in Mr Bernanke’s side and the man the Republicans appointed to chair the House Committee that oversees the central bank.

And not because of Mr Perry’s loutish, implied threat of violence if Mr Bernanke were ever to visit the governor’s home state. Read more

Robin Harding

At 10am tomorrow, Fed chairman Ben Bernanke will testify to the House budget committee, while just down the street Rep Ron Paul, who wants to End the Fed, will hold a hearing entitled “Can monetary policy really create jobs?”

The contrast will be interesting (and I’m sure Mr Paul’s staff had the media in mind when scheduling).

Mr Bernanke’s testimony is unlikely to contain any surprises ahead of his semi-annual Humphrey-Hawkins testimony, which I expect to happen about March 1st (not sure whether the House or the Senate will go first). Mr Bernanke is likely to repeat the cautiously optimistic note he struck at the National Press Club last week.

Mr Paul’s hearing, by contrast, will be different. Read more