Careful Bernanke Assures Fed Is Watching Inflation
NEW YORK ( TheStreet) -- Federal Reserve Chairman Ben Bernanke walked a careful line between sticking to his script and delivering on the transparency that his first press conference had promised on Wednesday.
The chairman appeared stiff and his voice quavered at times as he took questions from a room of journalists. He also frequently slipped back into the same "Fedspeak" that the briefing sought to unravel as reporters drilled him about rising oil prices, high unemployment levels and the meaning of the "extended period" phrase.
Bernanke clearly erred on the conservative side, which is unsurprising considering concerns that an unscripted question-and-answer session could create market volatility.
However, he appeared more like the composed congressional-hearing Bernanke that television audiences have grown accustomed to as the conference continued.
|Federal Reserve Chairman Ben Bernanke|
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