“Day two of Federal Reserve Chairman Ben Bernanke‘s semi-annual Congressional testimony on monetary policy is now over.
Today, Bernanke went before the House Financial Services Committee.
Yesterday, in a testimony before the Senate banking committee, Bernanke sought to downplay concerns over the size of the Fed’s balance sheet, largely as expected. He told senators that the benefits of quantitative easing outweigh the costs and that stocks don’t appear overvalued at these levels.
During the Q&A session with the House Committee today, Rep. Maxine Waters asked Bernanke about the effects of sequestration. Bernanke replied, “My suggestion for your consideration is to align the timing better with the problem.” …”
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