"No man can become rich without himself enriching others"
A "close call" on more Fed easing
When Federal Reserve policymakers meet next month to decide whether to take action to boost the economy, it will be a "close call," a top Fed official said on Thursday on the eve of a speech by Chairman Ben Bernanke that has global markets on tenterhooks.
Atlanta Fed President Dennis Lockhart, a centrist voter on U.S. monetary policy, said further stimulus would have some positive effect on the U.S. economic recovery, but cautioned that the costs of such action are not altogether clear.
"If we were to see deterioration from this point - let's say persistence of job growth numbers that were well below 100,000 a month ... or if we were to see signs of disinflation that could signal the onset of deflation - then there wouldn't be much of a question about policy," Lockhart told CNBC. ... Continue to read.
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