Video - 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."
---
Bonus clip...
60 Minutes Overtime - Exclusive web-only footage from tonight's broadcast
---
Has anything changed since 2009...
---
Other 60 Minutes segments covered at the Bail:
Medicare Fraud: A $60 Billion Crime
Palin Said VP Selection Was 'God's Plan' -- Lieberman Was McCain's First Choice
Obama Interview - Health Care, Debt & Deficits, & The Stimulus
Michel Lewis On 60 Minutes -- Wall Street: Inside The Collapse
60 Minutes: Walking Away From Your Mortgage
Madoff Whistleblower Harry Markopolos On 60 Minutes
Fixing the Deficit by Taxing the Rich - 60 Minutes
60 Minutes- High Frequency Trading
---