Bernanke on Cyprus and taxing bank deposits in the U.S.
Highlight clip from Bernanke's press conference last week. Runs 2 minutes, and it takes Ben nearly that long to answer the question, before finally, in the last 10 seconds, he says it is "extremely unlikely" to happen in the U.S. He does not say, however, that taxing or seizing assets from bank accounts is impossible. This is a door left wide open.
More highlight clips below.
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Unemployment still too high, QE to remain.
Bernanke updates the Fed's view of the economy.
Read the official FOMC statement...
Bernanke's complete remarks...
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No risk of Cyprus contagion.
Runs 30 seconds.
"We Have No Idea How Much Money We're Giving The Banks..."
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Full press conference video.
Another clip from same press conference: