the economy and he argued fed policy would not lead to higher inflation down the road. darren gersh reports. reporter: moderate. that s how ben bernanke describes economic growth these days. it s not the kind of forecast that raises alarm bells, but with unemployment still high, it may also not be enough to put more people back to work. here s what s worrying bernanke. if, in the worst of the recession, fearful employers fired too many people, they may have hired most of those workers back by now. so, with hiring slowing, the economy will need an extra jolt to really get more people back to work again. so that is the essential decision, the central question we have to look at will there be enough growth going forward to make material progress in the unemployment rate? reporter: but with interest rates already so low, fed skeptics think the central bank is out of options. bernanke disagrees. he says the fed is confident it can ease interest rates even further, though he
reporter: here s what u.s. interest rates look like today. incredibly, the stock market would like the federal reserve to push them lower. the atlanta fed president fueled those hopes today when he said: those actions include the fed s so called operation twist. this program which is scheduled to expire this month will probably be extended and or they might actually twist the twist to use the expression traders are using which would be we take operation twist and twist it away from treasuries and toward mortgages. reporter: across the pond, the european central bank opted not to lower rates, even though at 1% they re higher than the u.s. still, e.c.b. president mario draghi said some bank members had wanted a cut, leaving the door open for it to happen soon. the e.c.b. is under pressure to lower rates and add liquidity support for sick banks. but, draghi wants european governments to first do something substantial about greece and spain. when you think about the state
suzanne pratt looks at how the u.s. and european central banks fueled today s buying. reporter: here s what u.s. interest rates look like today. incredibly, the stock market would like the federal reserve to push them lower. the atlanta fed president fueled those hopes today when he said: those actions include the fed s so called operation twist. this program which is scheduled to expire this month will probably be extended and or they might actually twist the twist to use the expression traders are using which would be we take operation twist and twist it away from treasuries and toward mortgages. reporter: across the pond, the european central bank opted not to lower rates, even though at 1% they re higher than the u.s. still, e.c.b. president mario draghi said some bank members had wanted a cut, leaving the door open for it to happen soon. the e.c.b. is under pressure to lower rates and add liquidity support for sick banks. but, draghi wants european governments to f
reporter: here s what u.s. interest rates look like today. incredibly, the stock market would like the federal reserve to push them lower. the atlanta fed president fueled those hopes today when he said: those actions include the fed s so called operation twist. this program which is scheduled to expire this month will probably be extended and or they might actually twist the twist to use the expression traders are using which would be we take operation twist and twist it away from treasuries and toward mortgages. reporter: across the pond, the european central bank opted not to lower rates, even though at 1% they re higher than the u.s. still, e.c.b. president mario draghi said some bank members had wanted a cut, leaving the door open for it to happen soon. the e.c.b. is under pressure to lower rates and add liquidity support for sick banks. but, draghi wants european governments to first do something substantial about greece and spain. when you think about the state
you can shout down speakers, my friends but is is hard to etch-a-sketch the truth away. the president is going to have his people tell me i m wrong and heckling, we conservatives have the same kind of capacity. well, that was mitt romney admitting that his brooks brothers brigadiers interrupted a campaign event headlined by president obama s chief strategist dade axelrod. he attacked the gubernatorial on the steps in massachusetts because, of course, it is romney s home turf. romney, meanwhile was in california which many considered to be obama friendly territory but mitt wasn t just anywhere. he was at solyndra, the now bankrupt solar panel company selected for a $535 million loan guarantee by the energy department. ladies and gentlemen, we have ourselves a turf war and here to discuss that and more is former san francisco mayor and friend of the war room, the honorable willy brown. welcome back. thank you. nice to see you. after having been through a lot of the ca