In one of the least-surprising developments of the week, Federal Reserve Chairman Ben Bernanke’s economic stimulus actions, announced Thursday, Sept. 13, have triggered a lot of political commentary.
Writing in the Wall Street Journal, Stephen Moore suggests that Bernanke is injecting new financial stimulus to help Barack Obama’s reelection prospects and thereby save his own job. Republican challenger Mitt Romney has said he will replace Bernanke if he is elected.
If Romney is, in fact, elected and Bernanke is shown the door, I’m guessing Bernanke won’t be unemployed any longer than he wants to be.
Romney himself had this reaction to the Fed’s moves: He called the stimulus a “sugar high” for the U.S. economy, according to this AFP report.