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Transcripts For CNNW Erin Burnett OutFront 20120717

does it add up? let s go outfront. outfront tonight, ben bernanke says no to the addicts. addicts that are desperate for another hit of the fed s drugs. today in hearings on capitol hill, america s top banker, the chief of the federal reserve, got more negative on the state of the u.s. economy. given that growth is projected to be not much above the rate needed to absorb new entrance into the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow. so what s the solution? well, in note after note from wall street economists and traders today, i read something along the lines of this. bernanke will launch another round of easy money to help the economy. it will bring interest rates even lower. it s just a matter of time, he ll do it, he ll do it, don t worry. that s the kind of talk the addicts use. yearning for more of his powerful drug, which is essentially just cheap, easy money. so many were hoping for another shot of the goods

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