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FBN's Sandra Smith, David Asman and Charles Payne discuss the Fed's impact on the economy, debt and spending.
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Just over an hour until Ben Bernanke is post fed decision news conference here I am I would like to introduce -- -- QE Jerry I think is what they're gonna want.
Pay -- for Jerry and everyone else of Fox Business I'm back with Lou Dobbs and Gerri Willis Gerri what would you -- Fed Chairman Ben Bernanke.
Other than -- -- Gerri what else would you ask him today.
You know the Fed's really out of bullets here right I mean there's not much more they can do -- -- in and what you saw -- say today only proves that.
At the end of the day what is his crystal -- showing him about when this economy really will turn around and what's gonna drive -- there he talks about housing in the need for housing to turn around.
What will it take.
And who's actually gonna make those changes could that you know the political landscape is in complete disarray nothing is expected in terms of policy per year.
And that's a good point and isn't really up to congress does to take care this mean what can the Fed do I to have an already done well the Fed can do -- suppose a lot of things -- I'm pleased to see its reticence.
Chairman Bernanke not being aggressive here I think is also a very wise choice in.
We have gone through a tumultuous -- tough period that we don't want to repeat even -- margin it's it's tough enough to get this through.
To 2014.
I think Bernanke's doing great he's done great with Q -- One and two.
Is three in the offing but -- what effect does that Hadley a lot of people so that money what are we getting for -- Well what we've gotten for it it is a terrific.
A terrific although tepid recovery.
And I say terrific because -- -- on tepid recovery exactly and it because it wasn't expected no one could certainly guarantee it.
No no fiscal policy was going to drive -- pain in the Fed had to.
With all due respect to Ron Paul and all who want to get rid of the Fed Bernanke has managed.
Post crisis extremely well.
And the injection of two and a half trillion dollars under the into the system that's exactly what we needed.
And I think it's being self.
Gary what you say the.
Hasn't been -- failure it's been a policy failure out of the White House and out of congress.
That means we still have thirteen million Americans looking for work at unemployment rate is an eight point five -- -- -- Gas prices are going -- you look at anything that matters to individual investors with the exception of mortgage rates which are at lows but that's the Fed.
So many things are wrong for consumers right now they really need -- certain -- But it's not when the -- yeah.
When we get back to -- clarity issue more him more for mr.
Bernanke in just a little while.
Either of those that -- say it's not a good thing because people trying to look at it a million different ways it will become more confusing -- more likely misinterpret.
Anyone who thinks that more information in a market place at any time is -- bad idea that does not understand markets at all and will there be confusion sure.
-- out by the way he a lot of money is made.
By news spotting -- priced assets of all sorts.
Whether whether you be in the bond market where the Indian equities -- currents whatever the market may be.
That's the nature of markets itself and -- make a great deal of money by making.
Extraordinarily.
Insightful judgment information is pound absolutely.
And not just for investors but also for journalists journalists have to apply this to having worked for girls -- more and what does that back we got out of -- out I by giving her shoe store and buy -- -- like everybody else -- -- -- the day having more information.
In the public domain is a good thing for consumers and for everybody I -- don't -- -- Something you -- -- exactly right there is that going to be this gnashing of teeth in the old resistance and on this stodgy old news and business media in this country.
-- because a -- clock and plucking away because all the little confused somebody in the short.
And in you don't -- Come off again it I didn't have a -- early Algeria Driscoll is at the Cato Institute -- this could lose President Obama reelection because this.
Outlook from the Fed is so dismal for the economy now well.
He's going to.
If he does indeed lose the election and I he's going to lose it for a host of reasons and it won't be because of the charts for taken by the -- reserve.
I think it'll be because of the choices that he -- inability to address.
Jobs I want.
His inability.
You know the fact of the matter is he we have an -- half percent unemployment rate now he's not supposed to win reelection when you have -- -- half percent now rate.
And the burgeoning debt that this country has I I think that is a huge issue that we heard -- about very little last night in the State of the Union Address.
Fifteen trillion dollars and what do we do we added Obama care and stimulus.
Nice thank you so much for being here times already run out fantastic guests thank you so much because it was don't forget to catch Jerry and live every weeknight the Willis report -- 5 -- -- Lou Dobbs tonight at 7 PM eastern right here.
I'm Fox Business we'll let you go now thank you guys and --
