On Wednesday, Federal Reserve Chairman Bernanke testifies in front of the House Financial Services Committee. This testimony, which is mandated by law, is entitled "Monetary Policy and the State of the Economy."
If you have a question for the Chairman to be asked by a member of the Committee at the televised event, you can submit it by filling out the form: CLICK TO ENLARGE
My question would be:
ReplyDeleteChairman Bernanke, under your watch how would you grade the Federal Reserve's performance at fulfilling it's core mission of:
-- conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
-- supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
-- maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
-- providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system
And are today's unusually low interest rates inflating any other financial bubbles? What does your crystal ball say about the future?
----------------
It should be highly entertaining listening to that non-answer.
I don't have a question, but a suggestion. If you are going to do bailouts, don't hide that from the folks who are funding your bailouts.
ReplyDeleteBailout domestic companies if you must.