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KAI RYSSDAL: I’ll admit right up front, we kind of asked for this one. With a Bernanke speech on the calendar to the Bundesbank in Berlin, and everybody waiting to see what the Fed will do on interest rates next Tuesday, we thought we’d set aside a little time in the program today to hear what the Fed chairman had to say.

Ben Bernanke: I will begin by reviewing the origins and development of the global saving glut over the period 1996 to 2004, as discussed in my earlier speech, and then I’ll turn to more recent developments.

RYSSDAL: As I said, we should have known better. Not a whit about interest rates or inflation, or that little financial crisis we’re having back here at home.