What is Ben Bernanke hiding that he doesn't want us to see? Does the Federal Bank have anything to hide?
Federal Reserve chair Ben Bernanke is firmly resisting the initiative in Congress to subject the nation's bank to a public audit. And he's reiterating his view that even though the economy will grow more quickly this year than last, we won't soon see a significant drop in unemployment.
"Central banks that are independent in their decision-making provide a much better outcome than a central bank whose decisions are dictated by short-term political considerations," Bernanke said this afternoon during a rare question and answer session after a speech at the National Press Club in Washington D.C. "This is a fundamental bedrock principal of central banking."