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The Daily BailVideo - Federal Reserve Chairman Ben Bernanke - 60 Minutes - Aired Tonight
Below you will find web-only content from tonight's broadcast - 10 minutes not shown on CBS - plus a link to Bernanke's 2009 60 Minutes interview.
This is a must see - Bernanke is so nervous his lip quivers from beginning to end.
"Well, this fear of inflation, I think is way overstated. We've looked at it very, very carefully. We've analyzed it every which way. One myth that's out there is that what we're doing is printing money. We're not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way. What we're doing is lowing interest rates by buying Treasury securities. And by lowering interest rates, we hope to stimulate the economy to grow faster. So, the trick is to find the appropriate moment when to begin to unwind this policy. And that's what we're gonna do."
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Bonus clip...
60 Minutes Overtime - Exclusive web-only footage from tonight's broadcast
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Has anything changed since 2009...
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