Also in this playlist...
This transcript is automatically generated
And I says the sooner the Fed phases out its promiscuous.
The better for all of us.
It says the program has hurt the economy more than it's helped joining us now -- media chairman editor in chief Steve Forbes Steve -- it was going to be a good deal Lou.
-- -- -- -- Appears to be it and and sort of in the Indy five billion dollars continues rates are moving higher so that's going to be problematic.
Your thoughts on the timing.
Well -- all of this by the Fed Chairman.
Well three years late better late than never.
But what Bernanke is done inadvertently with 0% interest rates is make it easy for the government to do deficits Fannie and Freddie to get back on their feet.
Bonfires to issue new bonds but for the rest the economy -- smaller businesses is like what they said Russia health -- three but you can't get any.
-- -- so what they've had a hard time getting credit -- the job creators they're hurt by what Bernanke did shoveling the money to the big guys not much left for the small guys.
Interestingly a lot of limited government free marketeers.
Who are just some of rumor and I bet.
-- I should -- we can't it was at 85 billion -- Bernanke I don't like him I don't like what he's done but please don't let -- reverse course here.
I mean this is -- there's a a chorus of hypocrisy.
In and pleading out there for more.
More punch bowl please.
I'm sure there is hard to give up.
It -- when you have it.
But I think that.
Bernanke's not gonna do this precipitously into -- rapidly so I think the markets grossly overreacted.
When they but they reacted because they've finally realized this might be coming to an end and should sooner.
Right though they thought I was gonna go -- when he 152016.
As the Fed -- a -- -- 22 sentry who knows.
So the punch that bad punch -- being taken away but remember.
The stock markets had a great run.
But as you know since like 1990s in real terms of market's gone nowhere right so what the end of the day all this is done is hurt the recovery the votes by one of the reasons why -- the most feeble recovery in American history as sharp downturn.
Is we watch this adjustment away from accommodation.
To look look -- Or -- or would be appropriate in your view.
To reality in the marketplace and some considerable transparency.
And efficiency greater efficiency at least.
What do you expect to be the result.
Of moving away 85 billion being slowly intelligently withdrawn as the economy slowly but hope.
Returns to strength and at least some margin across.
I think you're gonna start to see a credit -- market starting to work again.
We're smaller businesses and households can get credit again on a reliable basis so they can grow again.
And that that's a good things like rent control for housing.
-- great if you've got that rent controlled apartment but doesn't do much for the creation of more -- so I think sounds.
Perverse but by not easing up anymore you're gonna have more credit.
Available for people who produce things and produce jobs.
And less for the government.
That doesn't mean shouldn't have the money in the first place you've been no fan of Ben Bernanke's.
Your reaction to the way in which he's been treated by President Obama.
President Obama re appointed this man and then he goes on Charlie Rose show and answer to a question a -- -- the -- city state too long he's going to be out.
-- -- somebody like that.
You do behind the scenes and do you do in public and you public you say the other guy's done a great job but he wants to step down do this -- the other thing.
I don't know why he did I don't mean I want to his -- what -- you still one.
Which is why you know in terms of people relations and this guy is not a one I'm trying to won't want that -- that you have been.
I ticket than that you don't think that that will be part of his -- things like this.
But you very much -- this -- with the seaports thank you for like you for being -- this is always.
Filter by section