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Sen. Coats to Bernanke: “Do You Sleep Well At Night?”

GilesJuliana96 Wrote: Jun 08, 2012 10:23 AM
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Following a startling announcement of China’s first benchmark lending cuts in four years, the Joint Economic Committee sat down with Federal Reserve Chairman, Ben Bernanke, this morning to talk economics.

With members throwing words like “quagmire” and “stall-speed” around to describe the U.S. economic recovery, Bernanke maintained his usual tight-lipped composure about endorsing specific legislative programs. However, when Sen. Jim DeMint (R- S.C.) accused him of luring everyone into a “false sense of security”, it was difficult for Bernanke not to defend himself.

The specific problem that DeMint was addressing was the fact that although debt...