Fed chief blames politics for angst - Boston Globe

In remarks that went well beyond his previous calls for Congress and the White House to address the nation’s long-term fiscal challenges, Bernanke suggested the process itself was broken.

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In remarks that went well beyond his previous calls for Congress and the White House to address the nation’s long-term fiscal challenges, Bernanke suggested the process itself was broken. “The country would be well served by a better process for making fiscal decisions,’’ he said.

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Bernanke said he was optimistic about the long-run prospects for the US economy, and he gave little indication the Fed was mulling any increase in its economic aid programs, although he said the issue would be revisited in September.

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Fed chief blames politics for angst - Boston Globe