Wednesday, February 25, 2009

Bernanke: "We're not completely in the dark."

From MarketWatch:

Bernanke tells Congress Fed knows what it is doing

Federal Reserve Board Chairman Ben Bernanke tried to assure Congress and investors that federal regulators are not grasping at straws in the response to the financial crisis.

"We're not making it up," Bernanke told the House Financial Services panel.
"We're working along a program that has been applied in various contexts," he said.

"We're not completely in the dark.">>>MORE


From Climateer "Quote of the Day" Federal Reserve Edition:

I have two problems but only one tool.

-Ben Bernanke
Testimony to the House Budget Committee
Jan. 16, 2008

From Central Banks to "Flood" Markets with Liquidity: