Ben Bernanke testifies before the House
Federal Reserve Board Chairman Ben Bernanke (2nd L) speaks as (L-R) Chairman of the Commodity Futures Trading Commission Gary Gensler, U.S. Secretary of the Treasury Timothy Geithner, and acting chairman of the Federal Deposit Insurance Corporation Martin Gruenberg listen during a meeting of the Financial Stability Oversight Council (FSOC) July 18, 2012 at the Treasury Department in Washington, D.C.
This final note on the way out. Don't know if you noticed, but we didn't mention Ben Bernanke or his testimony this morning before the House Financial Services Committee on the show today.
Wanna know why?
Here's what he said yesterday to the Senate Banking Committee.
Ben Bernanke: The U.S. economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of the year.
And here he is today in the House.
Bernanke: The U.S. economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of the year.
You heard the difference, right?
The first one was totally half a second longer.