Ben Bernanke: Most powerful man in America?

posted by
December 1, 2011
by Matthew Melchiorre  
Posted in Commentary

"Don’t let his short stature and friendly grandpa beard fool you. Federal Reserve Chairman Ben Bernanke has the power to control the money in your wallet and raise your taxes on all but a whim. And since the financial crisis, he’s been exercising these powers with extreme prejudice. Yesterday, the chairman slashed the Fed interest rate on dollar swaps by 50 basis points so that the European Central Bank could throw one last life preserver at the drowning Euro." (12/01/11)  

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