Bernanke soothes US markets
In the second day of testimonies, Fed chairman Bernanke's remarks are considered less important. However, they do appear to have had some impact on markets as the VIX (a measure of volatility in US markets) has moved downwards during this session before the House Committee.
(Source: Yahoo! Finance)
Former candidate for the Republican Presidential nomination, Ron Paul, has given this comment on Bernanke's testimonies:
If I were still in Congress, and serving as Chairman of the Monetary Policy Subcommittee, I would have asked Chairman Bernanke why, since the continued high unemployment rates show that the Fed’s ‘Quantitative Easing’ programs have not helped the economy, he thinks continuing the same failed policy in perpetuity will help the average American — as opposed to the big banks and the big spending politicians?