Federal Reserve Response to Sidney Wise's Letter Regarding Economy and Impact on Retirees

I previously posted a letter written by my friend Sidney Wise to the Federal Reserve and the the White House. Residents of Aston Gardens had signed off on his letter, agreeing with his sentiments. The Federal Reserve and the White House responded to the letter. Here is the response by the Board of Governors of the Federal Reserve System. To humanize this response...here is the "Official Photo" of Federal Reserve Chairman Ben Bernanke. WE can hope that the Fed's response was not just hyperbole.

BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON, D. C. 20551
ADDRESS OFFICIAL CORRESPONDENCE TO THE BOARD
February 8,2010
Sidney Wise
9417 Aston Gardens
Parkland, FL 33076

Dear Sidney Wise:

Thank you for your recent correspondence to Chairman Bernanke in which you shared your letter to President Barack Obama regarding the distribution of federal funds to Wall Street. Your comments will be forwarded to the appropriate Federal Reserve
staff.

The Chairman receives a great number of letters daily. As a public figure with many daily responsibilities, he is unable to reply to all of those letters personally or to acknowledge receipt of each correspondence. However, he appreciates receiving observations and advice that bear on the Federal Reserve's responsibilities.
Again, we thank you for writing. Please be assured that the Federal Reserve is working diligently to restore prosperity and opportunity to our economy.

Sincerely,
Lindsay Diokno Public Affairs Office



Note to my Bloggers: Ben Bernanke has an impressive resume:
14th Chairman of the Federal Reserve
Incumbent
Assumed office February 1, 2006
Deputy
Donald Kohn
Nominated by
George W. BushBarack Obama
Preceded by
Alan Greenspan
23rd Chair of the Council of Economic Advisors
In office2005–2006
President
George W. Bush
Preceded by
Harvey S. Rosen
Succeeded by
Edward Lazear
Member of the Board of Governors of the Federal Reserve System
In office2002–2005
Nominated by
George W. Bush
Born
December 13, 1953 (1953-12-13) (age 56)Augusta, Georgia
Nationality
American
Spouse(s)
Anna Friedmann
Alma mater
Harvard University (B.A.)MIT (Ph.D.)

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