Monday, March 16, 2009

Ben Bernanke on 60 Minutes

This was an awesome interview.

Part 1:

Part 2:


  1. have not watched it yet, but will tonight. what was awesome about it?

    i have really low expectations going into it so i could be pleasantly surprised! i expect him to answer nothing about the Fed's balance sheet or an exit strategy to deflate their balance sheet, nothing specific about where the money's going, saying credit is the lifeblood of the economy, and repeating his statement that the economy will turn around at the end of this year.

    i wasn't really surprised to hear Obama talk about p/e ratios and saying now's a good time to buy stocks. but to see the Fed chief doing a tv interview... that could be real news depending on the interview.

    will Bernanke make this a routine event? a recurring, periodic fireside chat with the Fed chief?

  2. The interview is what gives financial journalism a bad name. No doubt that is precisely why Bernanke agreed to it. There was way too much soft background and not nearly enough hard-hitting questions. It was an opportunity lost to hold his proverbial feet-to-the-fire.