Also in this playlist...
This transcript is automatically generated
Once again women following testimony that has just now ended on Capitol Hill house financial service committee.
Semi annual testimony chairman Ben Bernanke just finishing up what what a little -- because the hearing started a little laid back -- you though.
Making -- come -- right before it ended saying quote if the Fed raised rates now the economy would take that -- an end quote.
From Fed Chairman Ben Bernanke let's bring back and Charles Payne is the -- join us once again on that.
Last night Mariano Rivera goes in all star game he knocks out the first three guys seem you know he gets him out and that's how he goes out.
This is Ben Bernanke's last Humphrey Hawkins testimony he goes out says -- guys.
You don't know what the hell you talking about I'm sick you know -- to me if you think my job is irrelevant check it out.
Let me raise rates now -- is hoping go to hell that's when he told them and that was it goes the way one of the -- -- -- want to say that the years by the way I don't think that he's right.
I think -- interface is so ridiculously low that if they went up a quarter point that does not have to -- any economy well.
I and I tend to agree with -- hears that the crazy thing about all those guys.
They're buying 85 billion dollars in assets big time you know that by -- it's from the government -- buy this junk from banks it's still not getting the main street the average person watching the show her I don't think -- lives have been impacted by the Fed we talk about the housing market last month.
Won the last month data we got existing homes 28%.
First time homebuyers that never to be 45%.
We talk about the stock market.
You know valuations are about the same the bottom line is Ben Bernanke.
His role his his his his desire to spark that virtuous cycle that's -- he's frustrated.
These guys do and then and then people who question and today that's this you know that that's bothersome they have but he has frustrated that he has not been able to triggered and two point -- great.
He does blame that on fiscal policies well.
After running you know what he did say during his testimony of the fact that that he -- that mortgage lending would be better to be more home loans out there more credit given if it weren't for regulatory standards of banks.
And he says there's still a tight lending environment because of regulation.
Regulation and have it again in picking a bracket TCU doesn't want told the economy back not me that's that's at least trying to say -- paying -- -- -- -- --
Filter by section