Bernanke on the Grill

In the first day of his semiannual testimony, the Fed chief sticks to his guns on inflation while parrying lawmakers' pointed questions

What does Harry Potter have to do with monetary policy? Not much—except maybe on Capitol Hill, where the glib Barney Frank joked to the chairman of the Federal Reserve on July 18 that maybe rich people were "riding around on broomsticks" to avoid high gasoline prices.

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