for the worse they looked foolish. let me ask you about one of the looming concerns. we heard a moment of that a moment ago. that is the potential of higher gas prices, oil prices, energy prices overall and the impact it would have on any economic recovery. the higher gas and oil prices go, the greater the impact on the economy. you know, there s an estimate that for every $10 increase in the price of gas, the economy will expand about .2% points this year. i want to ask you about the twitter feeds and for those who want to follow you where can they follow you? on twitter it it s @bcaapplebaum. could you tell me, mr. bernanke, do you do your own shopping at the grocery store why did congressman paul ask that? he pointing out the price of food has been increasing in recent years. and when the fed talks about the amount of inflation they want to see that they want prices and wages to increase no more than 2% per year. food is increasing more than that, and the fed
simulcast with c-span radios, washington today. tax reform or whatever they may be, i hope that they are, you know, considered and wisely chosen, but it is also important to realize that we have the long-term of keeping the fiscal policy sustainable and you have to think of those two things together i think. before the house financial commit services committee, chairman ben bernanke talking about the job market and the overall u.s. economy and stocks closing in the red today as ben bernanke dashing hopes for further monetary stimulus during his speech and testimony before congress, and ben bernanke did say that the job market was far from normal as part of the semiannual monetary report. we will have more in a moment. in an apparent breakthrough in a long stalled negotiations north korea has agreed to sustain the uranium enrichment and long missile range program as announced simultaneously in washington and pyongyang, and this is increasing tensions with kim jong-un, an