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She's Republican from New Jersey he is by the way the -- of the capital markets subcommittee in congress he's just getting might tough right now.
He's ready various all right congressman thanks for joining you today ago.
I want to ask you your interpretation.
Ben Bernanke's comments about the printing of money.
And when it and if he's going to taper it down.
That -- take away from it is.
Not anytime soon became -- -- -- -- that.
The one couple words that he said he wanted to stress was.
As long three words as long hours.
Many went on after that basically saying that.
And as long as he does not hit the two benchmarks that newspapers that it doesn't matter they hit one of the hit the other but as long -- -- -- -- both of them.
Then the Fed is gonna continue -- -- accommodating policy that they had passed.
It doesn't sound like that it it it doesn't sound like this is really knew this is not a revelation.
It's more of what he said in the past I in my opinion the key statement came on May 22.
When you raise the issue that at some point in the future.
They will stop printing quite as much money having that was a signal of a change in direction and this is just follows from.
I agree that I think you're right.
-- the markets initially took some of those comments -- -- at some point in the future might be sooner rather than later employees all summer.
Volatility marketplace after that which actually is what led to -- Want my final questions I put too much the last hearing that you submitted an answer in writing to me.
Which I just got this week as a matter of fact as I said -- that their potential by what he's doing to too much excessive speculation in the market place you may remember that question yet.
And he just now responded this week by saying yes that is a possibility with over -- -- accommodation that they're doing but don't worry that we're monitoring that.
As long as the fundamentals -- coincide.
With the volatility.
Everything is fine.
You might take away on that answer though is this about ten seconds.
We see volatility in the last month and a half and the in the marketplace.
There not been structurally they're fundamental change in the fundamentals the only variable has been the Fed's comments in the Fed's activities.
Although he's monitoring it it would still seeing that the volatility that we see in the markets and every market that's that are are not because of fundamental things specifically as always just because the Fed's actions -- -- comments congressman not to break away for a second because.
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