February 27, 2013

Feb 27 - In a line of questioning at the House Financial Services Committee hearing on Monetary Policy and State of the Economy, Rep. John Campbell (R-CA) asks the Fed Chairman to explain his rationale for extending his current policies despite mounting evidence suggesting they've had minimal benefit. Campbell also points out that the Agency MBS market has become increasingly illiquid as the Fed will soon own 60% of Agency MBS assets and asks the Fed Chairman to explain how this supports economic growth. Read the transcript of Rep. Campbell and Chairman Bernanke's exchange here: http://goo.gl/JYATt http://www.campbell.house.gov http;//www.facebook.com/JohnCampbell @RepJohnCampbell