Bernanke: "I Wish I Could Just Wave A Magic Wand"

Dec 19, 2012 at 2:59 PM
DailyBail in QE, balance sheet, bernanke, bernanke, economy, economy, fed, federal reserve, federal reserve, jobs, jobs, press conference, qe, qe4, qe5, quantitative easing, unemployment, unemployment, video

'There is no magic wand for unemployment.'

Short clip from The Bernank's QE5 presser last week.  Runs 45 seconds.

Bernanke admits that the Fed is basically powerless against unemployment at this stage, having utilized all available Keynesian tools known to mankind.  Remarkably, he also admits publicly to balance sheet risk for the Fed.

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Another highlight (runs 1 minute):

 

Watch more highlights here:

WATCH: Bernanke Announces QE5

 

 

Photos by William Banzai7, who finds a magic money wand for Bernanke.

Article originally appeared on The Daily Bail (http://dailybail.com/).