Addicted to stimulus: Bernanke can only do so much
OutFront tonight: America's drug addiction.
It's not cocaine, not heroin, not even bath salts. It's stimulus.
Federal Reserve Chairman Ben Bernanke held a news conference today, but instead of giving the market the stimulus it's been craving, he announced that growth is indeed sluggish but not slow enough to trigger a monetary intervention. One stimulus program will be extended, but no more.
What America (and the world) needs, Bernanke said, is for Congress to step up and create a long-term economic policy that will stabilize our fragile recovery. But will that ever happen? Erin Burnett breaks it down.
Bernanke: Federal Reserve can't do it all
In a news conference today, Ben Bernanke announced that although the Federal Reserve will extend one stimulus program through the remainder of the year, there is little he can do to spur economic growth without the help of Congress.
Bernanke said that monetary policy can't fix everything, and with interest rates already touching record lows, he may be running out of tricks.
Growth has not stalled yet, but it is undeniably sluggish – Bernanke added that Congress needs to provide a stable, long-term economic policy to truly spur growth. Erin Burnett discusses Bernanke's news conference with Wolf Blitzer.
Tune in tonight at 7PM/ET for Erin's full deconstruct.
OutFront Extra: Web comedian racks up views and world records
Mark Malkoff has visited all 171 New York City Starbucks in one 24-hour period, spent a week living in an Ikea and conquered his fear of flying by spending 30 days on an airplane.
The videos of his "stunts" have garnered more than a million views online and earned him a Guinness World Record.
The writer/comedian comes OutFront to describe how he has been able to earn his living online and offers advice to filmmakers that would like to follow in his footsteps.
E-Block: Allegations dog Hebrew National
Erin Burnett discusses how well-known hot dog manufacturer Hebrew National is in hot water over allegations that its meat suppliers do not follow the strict Kosher rules.
Outer Circle: Magnotta makes first court appearance
Luka Magnotta, the Canadian porn star accused of murdering and dismembering a foreign exchange student, then mailing the body parts to various schools and government offices, made his first court appearance in Montreal earlier this week. Paula Newton reports.
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