Edward Harrison submits:Rather than just send you to the link of Chairman Bernanke’s prepared remarks, I have copied it hear and underlined the part you should pay attention to. Here is what he said.
Chairman Ben S. Bernanke, Semiannual Monetary Policy Report to the Congress
Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C., July 13, 2011
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke will deliver two days of congressional testimony on monetary policy and on the economy on February 26 and 27, committee aides said on Tuesday. Bernanke will deliver the central bank's semi-annual monetary policy report to the Senate Banking Committee at 10 a.m. on February 26, and follow up the next day at 10 a.m. before the House Financial Services Committee. The appearances will give lawmakers a chance to quiz the Fed chairman about the state of the U.S. recovery and the aggressive monetary policy actions he has led. ...