Eeriely familiar to his infamious comment in March of 2007 in responce to the housing bubble..."Subprime is contained".
**The Fed chairman brushed off the risks of asset bubbles**
Bernanke Said to Minimize Asset-Bubble Concern at Meeting
Federal Reserve Chairman Ben S. Bernanke minimized concerns that the central bank’s easy monetary policy has spawned economically-risky asset bubbles in comments at a meeting with dealers and investors this month, according to three people with knowledge of the discussions.
Ben S. Bernanke, chairman of the U.S. Federal Reserve. “There’s a lot of disagreement about what role monetary policy plays in creating asset bubbles,” Bernanke said on Jan. 14 at the University of Michigan’s
The people, who asked not to be identified because the talks were private, said Bernanke made the remarks at a meeting in early February with the Treasury Borrowing Advisory Committee. Fed spokeswoman Michelle Smith declined to comment.
The Fed chairman brushed off the risks of asset bubbles in response to a presentation on the subject from the group, one person said. Among the concerns raised, according to this person, were rising farmland prices and the growth of mortgage real estate investment trusts. Falling yields on speculative- grade bonds also were mentioned as a potential concern, two people said.