The Fed chairman, who is all over the TV news shows this week, may be angling for reappointment in January.
In earnings reports released this week and last, the four major US banks are showing signs of improvement.
Bernanke told Congress Tuesday that a plan to bring federal spending into balance would have ‘considerable near-term economic benefits,’ such as lower interest rates.
Or did the bank's CEO engage in an 'old-fashioned shake down' in seeking a government bailout?
The Fed announced today that it expects inflation to be subdued for some time, a contrast to its more concerned statement in April.
The central bank says it will pull back when the US recovers, but the timing is tricky.