Ben Bernanke on Occupy Wall Street: ‘I Can’t Blame Them'


The Federal Reserve Chairman hinted at some solidarity with the ongoing Occupy Wall Street demonstration yesterday when he told the Joint Economic Committee that he understands the protesters’ frustrations. “I would just say very generally, I think people are quite unhappy with the state of the economy and what’s happening,” Bernanke said. “They blame, with some justification, the problems in the financial sector for getting us into this mess, and they’re dissatisfied with the policy response here in Washington. And at some level, I can’t blame them.” Bernanke cited 9 percent unemployment, and while he said he’s not taking the protests into account “specifically,” his proposed remedies do reflect the growth rate, unemployment rate, and inflation rate. “I certainly, like everyone else, am dissatisfied with what the economy is doing right now.” Let the Fed bashing commence! And somebody keep an eye on Rick Perry.

Federal Reserve Chairman Bernanke on Occupy Wall Street: ‘I Can’t Blame Them’ [Think Progress]