Thursday, June 25, 2009
Representative Jim Jordan (R-Ohio) questions Fed chairman Ben Bernanke on the change in strategy for rescuing the banks and then asks about inflation (at about the 2:10 mark).
The Fed chief makes the process of withdrawing the massive amounts of recently injected liquidity sound so easy - like getting out of bed in the morning - when it may well be nothing of the kind. Of course, if he knew it was going to be extremely challenging, he probably wouldn't say so because that would send the price of oil and gold soaring.
(BTW - check out the puss on the lady's face sitting behind him).