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Tuesday, November 9, 2010

Palin to the Fed "cease and desist"

Sarah Palin Takes Aim at Fed

Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed chairman Ben Bernanke to "cease and desist" with a bond-buying program designed to boost the economy.

Speaking at a trade association conference in Phoenix, the potential 2012 presidential candidate and tea-party favorite said she's "deeply concerned" about the central bank creating new money to buy government bonds. Ms. Palin said "it's far from certain this will even work" and suggested the move would create an inflation problem.

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