"Headwinds for the Consumer" the Fed's Ben Bernanke Describes a Huge Finnancial Crime as a "Headwind"
Fed Chief Offers Hint of Rate Cut
Bernanke Predicts 'Headwinds' For Consumers
By Neil Irwin
Washington Post Staff Writer Friday, November 30, 2007; Page D01
The chairman of the Federal Reserve said last night that the central bank would take into account recent deterioration in the financial markets as it decides whether to cut interest rates next month.
. . . But he said household spending appears to be softening, and that "the combination of higher gas prices, the weak housing market, tighter credit conditions and declines in stock prices seem likely to create some headwinds for the consumer in the months ahead."
____________________________________________________________ Well, American business certainly won't tolerate a head wind. No matter there was an outrageous lack of any wind at all blowing against the Fed-supported loan of trillions to those who had no collateral. Any garden-grade bank examiner would have exposed that failing, but they called it a sub-pr…