The Ben Bernank on 60 Minutes
There will be more on this tomorrow, but here’s the 60 Minutes interview with Fed Chief Ben Bernanke in which his eyes kind of light up when he talks about quantitative easing in excess of the already announced $600 billion.
The complete transcript is over at the WSJ Economics blog. I’m just glad he wasn’t asked about how one of the Fed’s goals these days is to make the stock market go up… There’s just something (well, a lot actually) that seems so fundamentally wrong about that.