SHY - The Fed's Failures Are Mounting
In the decade between "60 Minutes" interviews, the central bank has sparked a recovery without inflation but not much else.
Friday marks the 10-year anniversary of the Federal Reserve Chairman Ben S. Bernanke's groundbreaking "60 Minutes" interview. To listen to current Fed Chairman Jerome Powell on the same show a decade later, the central bank's best-laid plans since then would seem to have played out according to script with one glaring exception: the Fed's balance sheet.
When "60 Minutes" reporter Scott Pelley asked Bernanke if the Fed was printing money, his reply was,