Upon taking the helm of the Federal Reserve Ben Bernanke promised to make the process of setting monetary policy more transparent. Whatever you think of his monetary policy, even his critics would have to concede Bernanke has delivered on that vow.
This month alone Bernanke has lectured on the Great Depression, testified at length before Congress, and last night the Fed Chairman sat down with ABC's Diane Sawyer to discuss policy, gas prices, the economic recovery and which Winnie the Pooh character best describes his monetary policy.
In the attached clip my Breakout co-host Matt Nesto and I discuss what we've learned from Bernanke's unofficial publicity tour and what the Fed could do differently.
As previously discussed on the show, Nesto is of the belief that it's time to turn off the money-printing spigot. Citing muted but steady job growth, positive GDP and improved consumer confidence Nesto thinks it's time for the Fed to start taking off stimulus.Read More »from Bernanke’s Monetary Policy: Necessary Roughness