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Bernanke Must Have Lost My List of Questions: Caroline Baum

Federal Reserve Chairman Ben Bernanke took questions from the press for 45 minutes yesterday. His answers were direct, as complete as they could be (given the vagaries of economic forecasting) and even at times groundbreaking.

We learned, for example, that when the Fed assures us of low interest rates for an “extended period,” it means for “a couple of meetings.” “We don’t know with certainty,” Bernanke added.