- - Sunday, October 14, 2012

Chairman Ben S. Bernanke is rejecting arguments that the Federal Reserve’s bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries.

In a speech Sunday, Mr. Bernanke disagreed with criticism that the Fed’s efforts to drive U.S. interest rates lower could result in higher inflation in emerging markets or trigger a destabilizing flood of investment money into those nations.

In fact, he said, the efforts of the Fed and the central banks of other industrial countries should benefit the global economy by boosting growth and providing stronger markets for the goods of developing nations.

Mr. Bernanke’s speech in Tokyo was at a conference sponsored by the Bank of Japan and the International Monetary Fund.

CAMPAIGN

Views of Romney soften, Obama still seen a threat

Gun-rights groups perceive President Obama as a threat to unfettered access to firearms.

And they once had qualms about Mitt Romney.

But times and circumstances have changed for Mr. Romney. The GOP presidential nominee is now in tune with the National Rifle Association and similar organizations, whose members are motivated voters.

In the tight White House race, every bit of support helps, especially in the most closely contested states and particularly from groups that claim millions of members nationwide.

Mr. Romney’s prior embrace of weapon-control proposals had put him crossways with the NRA and others. These days, Mr. Romney is on their good side by opposing renewal of a federal ban on semiautomatic weapons, additional regulations on gun shows and suggested federal gun registration requirements.

OHIO

Ryan courts blue-collar workers across state

YOUNGSTOWN — Republican vice presidential candidate Paul Ryan was in Ohio over the weekend trying to rally blue-collar votes for the Romney ticket.

The Wisconsin congressman told a crowd of 1,400 people at Youngstown State University on Saturday that a strong manufacturing industry is key to a strong economy. He said President Obama hasn’t done enough to strengthen the U.S. economy.

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