A Fed Bailout for Main Street

Ben Bernanke says that his policies haven’t helped the financial sector more than the median American. But he implied that the Fed could have done better with different tools.

Ever since the economy stopped shrinking, there has been a persistently wide gap between the fortunes of the wealthy few and everyone else. Today, Federal Reserve Chairman Ben Bernanke was twice asked by members of the House Financial Services Committee whether the central bank's policies have been responsible. Both times, Bernanke denied that the Fed was favoring Wall Street over Main Street.

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