{"id":519067,"date":"2010-04-07T06:01:52","date_gmt":"2010-04-07T10:01:52","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/04\/07\/springtime-for-bernanke-expect-louder-deficit-warnings\/"},"modified":"2010-04-07T06:01:52","modified_gmt":"2010-04-07T10:01:52","slug":"bernanke-speaks-expect-deficit-warnings","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/519067","title":{"rendered":"Bernanke Speaks: Expect Deficit Warnings"},"content":{"rendered":"

Ben Bernanke<\/strong>\u0092s speech at the Dallas Chamber of Commerce <\/strong>Wednesday afternoon is a coming-out for the Federal Reserve chairman after a grueling winter.<\/p>\n

Mr. Bernanke had been keeping a low profile as he waited for the Senate to confirm him for a second four-year term at the helm of the Fed. He\u0092s also been busy working the halls of Congress to convince lawmakers not to strip the Fed of its powers as a bank regulator.<\/p>\n

With the confirmation complete and the Fed\u0092s powers largely preserved as the overhaul bill comes into shape, Mr. Bernanke plans to look outward more often in the months ahead with speeches in Dallas, South Carolina and elsewhere. It is an extension of a PR campaign he initiated last year but put on hold while he was hunkered down in Washington. The idea is to spend more time explaining to the public how the Fed behaved during the crisis and how Mr. Bernanke sees a recovery unfolding.<\/p>\n

As he restarts this campaign, he is likely to go beyond the dry mechanics of monetary policy and the Fed\u0092s exit from market rescue programs. One issue on his agenda for the days ahead: Immense government budget deficits.<\/p>\n

Mr. Bernanke has warned lawmakers in recent hearings at the House and Senate that U.S. deficits aren\u0092t sustainable. Formulating a credible plan to gradually shrink them over time, he has noted, could help the economy now by bringing down long-term interest rates.<\/p>\n

Yields on 10-year Treasury notes have risen to nearly 4% from under 3.25% in late November, in part because investors worry about the enormity of debt the government is selling to the public. That rise in rates doesn\u0092t help the Fed, which is trying to keep interest rates low to spur a recovery.<\/p>\n

Having made his pitch to Congress, Mr. Bernanke is now likely to make it to the public more broadly. Starting this afternoon.<\/p>\n

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Ben Bernanke\u0092s speech at the Dallas Chamber of Commerce Wednesday afternoon is a coming-out for the Federal Reserve chairman after a grueling winter. Mr. Bernanke had been keeping a low profile as he waited for the Senate to confirm him for a second four-year term at the helm of the Fed. He\u0092s also been busy […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-519067","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=519067"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519067\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=519067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=519067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=519067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}