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>> THINK YOU, MR. CHAIRMAN WHAT
IS THE FED EXIT STRATEGY?
WHEN DO YOU PLAN TO ANTICIPATE
EXECUTING?
STUART: JOINING US NOW IS
CONGRESSMAN KEVIN BRADY.
THE MAN FROM TEXAS.
IT IS ALL YOUR FAULT THAT
MR. CONGRESSMAN.
[ LAUGHTER ]
STUART: OUR OWN JUDGE SAYS SHE
MAY NOW BE COMPELLED TO ANSWER
QUESTIONS.
WHAT DO YOU SAY ABOUT THAT?
>> I DO NOT KNOW IF SHE VIOLATED
THAT APPROACH.
IT JUST SEEMED AWFULLY UNUSUAL
AND A BIT SUSPICIOUS.
WE HAVE REQUESTED ALL THE
DOCUMENTS, THE E-MAILS,
COMMUNICATION TO GET TO THE
TRUTH, GOOD OR BAD, ON THIS
ISSUE.
REAL INVESTIGATION ON THESE
HEARINGS IS JUST BEGINNING.
STUART: THAT IS INTERESTING.
THEY CANNOT REALLY REFUSE.
THEY CAN DELAY, BUT THEY CANNOT
REALLY REFUSE.
>> I THINK THEY PROBABLY PICKED
UP THE FIRST IMMEDIATELY.
WE WILL GET TO THE TRUTH ON
THIS.
I THINK THERE ARE FIVE SEPARATE
KEY ABUSES THAT HAVE ALREADY
BEEN IDENTIFIED THAT WE WILL
FOLLOW UNTIL THE END.
STUART: I WANT TO GET BACK TO
BERNANKE.
WHAT HAPPENED WAS YOU ASKED
THOSE QUESTIONS AND THE MARKET
STARTED TO SELL OFF.
WHAT WAS YOUR TAKE FROM
MR. BERNANKE AND HIS ANSWERS TO
YOUR QUESTIONS.
WHAT DID YOU COME AWAY WITH?
>> CLEARLY, EASY MONEY WILL NOT
LAST FOREVER.
THE MARKETS ARE NOT BASED ON
EARNINGS AT THIS POINT WHICH IS
A WORRY.
I JUST WANT TO KNOW, IN THAT
DISCUSSION, IN THE DEBATE THAT
THEY ARE HAVING WITH THE FED,
WILL WE SEE THEM START TO TAKE
THEREFORE OFF THE PEDAL?
CLEARLY, THEY ARE LOOKING SOONER
THAN LATER.
STUART: THIS COMES FROM A FED
GOVERNOR.
HE SAYS, JUST MOMENTS AGO, HE
SAID, THE FEDERAL RESERVE IS NOT
THAT CLOSE TO WINDING DOWN THE
STIMULUS.
I THINK YOU PROVOKED THIS.
WE DID NOT MEAN THAT.
BERNANKE DID NOT MEAN TO SAY
THAT.
>> WELL, YOU KNOW, IT IS JUST
FRUSTRATING THAT FOR YEARS AFTER
THE RECESSION HAS ENDED, THE
ECONOMY IS IN SUCH A FRAGILE
STATE THAT YOUR HANDS AND CLUES
COULD TRIGGER THIS KIND OF
REACTION.
STUART: WE APPRECIATE THAT YOU
ARE NOW A STAR IN D.C.
WE DO HOPE THAT YOU WILL COME