Articles and Speeches
Bernanke's opportunity to cut the Gordian Knot
April 27, 2011
Philip C. Thompson
Today, Federal Reserve Chairman Ben Bernanke will hold his first public press conference, where he is expected to take questions from the media and talk about the Federal Open Market Committee’s latest moves. He will talk around 2 p.m., while the FOMC’s decision on interest rates should come at 12:30 p.m.
Philip C. Thompson, partner at Nelson Mullins Riley & Scarborough LLP, says the FMOC's meeting will be critical to the financial future of America as to whether Mr. Bernanke and the U.S. Treasury are willing to break away from the addiction to deficit spending and to take steps to halt the decline of U.S. economic credibility.
