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Old 07-17-2012, 11:32 AM
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Default Bernanke Speaks

Fed Chairman Ben Bernanke delivered his testimony today to the Senate Banking Committee (it's actually still going on as I type this).

Big Ben was monotone and boring once again in his opening remarks as he stuck to a script that was similar to prior commentary from the Fed. But the Q&A session that is going on is certainly entertaining.

NY Senator Charles Schumer was particularly interesting in his dialogue with Bernanke. For those that didn't see it, Schumer basically said that Congress is not going to get anything done because they can't agree on anything (alluding to contention related to the upcoming elections) and that the Fed is "the only game in town" to take some action to spur the slumping US economy. His candor about Congress was actually funny to me.

If anyone else watched it, share some thoughts.
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Old 07-17-2012, 03:09 PM
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Default Re: Bernanke Speaks

So Schumer says print some money because we aren't going to do anything. That is funny to me.
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Old 07-18-2012, 05:02 AM
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Default Re: Bernanke Speaks

Quote:
Originally Posted by Quikshft View Post
So Schumer says print some money because we aren't going to do anything. That is funny to me.
Yeah, pretty much. lol
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