Saturday, April 04, 2009

Bernanke explains Fed's balance sheet

Chairman Bernanke explains, in details, Fed's balance sheet, which has doubled to $2 trillion since the crisis began.

Part I

Part II

Tip: Starting around 10', Bernanke outlines the potential tools for the "exit strategy".

Finally, former Director of Monetary Affairs at the Fed Vince Reinhart responds to Bernanke's speech: