Official Ben Bernanke speech before the Economic Club of New York thread

[Drunken Cat]

He just did it, he through out the "underlying strength of the US economy" line.

[Drunken Cat]

****, that wasn't even 20 minutes. Weak sauce.

[Drunken Cat]

This guy is a flatout idiot. Yes, they exist everywhere. He may be one of the most famous economists, but the guy has **** for brains.

[Drunken Cat]

"It's not obvious to me that there are any large disallignments in the US financial sector." Get the **** out of here.

[Drunken Cat]

He's against going back to Glass Steigle.

Just a personal note there.

[Drunken Cat]

Of course he is, btw.

[Drunken Cat]

Here he goes with the quantitative easing: he actually coins a new euphemism: "I prefer to call it 'credit easing.'"

[Glamour Puss]

Seriously, how the **** did this guy ever get in such a position for a Bush-era appointment?

Your looking at it wrong. Bush doesn't appoint anyone other than in a ceremonial sense. The bankers picked Bernanke.

Thats why Obama can't get rid of him. The Fed runs itself and the country.

Alan Greenspan admits in this clip that they operate outside of the reach of congress and the White House.

[Drunken Cat]

He says they're looking to move back to 'normal' monetary policy; however, as long as interest rates remain at 0, such is not an option.

[Glamour Puss]

He's against going back to Glass Steigle.

Just a personal note there.

What a shock.