His words were there for all to hear. Sometimes it depends on 'what is in the air' between what he states and what others hear that might be an issue, but, I am sure he is sincere.
The problem is that he and The Fed are 'part of the problem' and not part of the solution. The Fed is a large insitution seeking to 'move mountains' through huge movements of money. That is missing the mark. Nearly nothing The Fed has done has improved the circumstances for the average American and I don't care what political party one belongs.
Movement of huge amounts of money doesn't touch the 'grassroots' of the problem. Large institutions associate with large institutions. We already know the large institutions ABANDONED the American citizen as soon as The Fed printed the money for the $700 billion bailout. And the $1 trillion afterward. And the Quantitative Easing I and II.
The Fed, up to this news conference, either didn't have a clue, didn't want one or was simply pandering to the Wall Street crowd while ignoring the 'little guy.' The Fed is hurting our recovery. It is better to do nothing than to continue to toy with monetary policies that do nothing but provide a 'playground' for the wealthy. It isn't appreciated and the news conference only validated my opinion of Mr. Bernanke. He should not have gotten a second term.
As far as repeating the news conference. It is more revealing then anyone wants to admit. Repeat it? I am not going to answer that.
