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Detailed text transcripts for TV channel - FOXNEWS - 20110530:20:09:00

more stable mandate which is keeping inflation away. we have this confusing mandate that says, well, have enough inflation to help the unemployment rate but bernanke has a one mandate, and it is, he did the doctor rat on the great depression of the 19 30 s and he concluded that tight money supply and excessively high interest rates is what triggered the great depression so his one mandate is not to be the fed chairman who goes down in history as aring created the second great depression. the problem is, he is not were watching out for the policy direction which will make him the fed chairman presiding over the second great inflation and he is so afraid of deflation and depression he does not see the danger. we will not see higher interest rates though, well in the see it for a while, are we? guest: no, they wanted no pain whatever. they want to keep the monetary

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