For The Federal Reserve Chief Who Has Everything (Except An Economic Recovery)

Ben Bernanke's a hard one to shop for. But his underlings are dropping some clear hints. And he's OK with the fact that you've already missed Hannukah, as long as it gets to him sometime next year.
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Ben Bernanke's a hard one to shop for. But his underlings are dropping some clear hints. And he's OK with the fact that you've already missed Hannukah, as long as it gets to him sometime next year.

Surveys done by two regional Fed banks suggest policymakers may get their wish for somewhat faster inflation next year. Businesses are expecting to face significant cost increases next year and plan to respond by lifting their own selling prices.

Plus, you've already given him this, which was very thoughtful and will allow him to eat his Chinese takeout on Tuesday without agita.

The Federal Reserve has canceled the sale of shorter-dated U.S. Treasury debt that was tentatively scheduled for Dec. 27 as part of the central bank's "Operation Twist" stimulus program, the New York Fed said on its website on Thursday.

The New York Fed said the sale was "no longer necessary."

Fed May Get Its Hope for More Inflation in 2013 [WSJ]
Fed cancels Dec. 27 tentative Treasuries sale - NY Fed [Reuters]

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Jeffrey Lacker Hopes Ben Bernanke's Right. But He's Pretty Sure He's Wrong.

It takes a strong man to look at Ben Bernanke's gentle, bearded face and tell him to piss off. Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, is just such a man. Lacker's used every opportunity to let Bernanke and his rotating cast of puppets that they're wrong about the stimulus and that they're imperiling what used to be the Fed's only mission, controlling inflation. And he's apparently doing so at substantial risk to his own standing, because while bickering, name-calling and kicking-and-screaming disagreement is all the rage every else in the District of Columbia, dissent does not go over well at the marble Politburo on Constitution Avenue NW.