Ben Bernanke got an earful today when he appeared at the Senate Banking Committee hearing. Sen. Jim Bunning (R-KY) lambasted the Fed chairman, telling him: “You are the definition of moral hazard.” Bunning faulted Bernanke for hewing too closely to the policies of his predecessor, Alan Greenspan, and said his tenure has been a disaster.“From monetary policy to regulation, consumer protection, transparency, and independence, your time as Fed Chairman has been a failure,” Bunning said. “I will do everything I can to stop your nomination and drag out the process as long as possible. We must put an end to your and the Fed’s failures, and there is no better time than now.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=133883