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Bernanke Unplugged


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Federal Reserve Chairman Ben Bernanke made history this week by holding the Fed's first televised press conference. While the event didn't generate many unexpected answers, it provided some transparency about the Fed's decision-making process, and I think taxpayers were pleased to hear the Chairman answer some tough questions about rising inflation and protecting the strength of the dollar. Congress must continue to do its part by reining in government spending. As you know, the House passed a budget blueprint that would cut $6.2 trillion in spending and reduce the deficit by $4.4 trillion over ten years. According to reports, Senator Reid has indicated he may call the House proposal for a vote in the Senate soon.

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