Link to the video of Chairman Bernanke's appearance at the House Budget Committee is here at C-SPAN..
His prepared statement appears here at the Fed's site. There are some interesting Q&As that start at the 20:00 mark.
If it were not so tragic an issue, this hearing of the Committee of 'Keystone Kops' would be almost as funny as the recent remarks by the Congressman who thought the island of Guam could capsize, these budgeteers have an equivalent knowledge about the real macroeconomics of the US as this poor fellow does about earth science.
All participants here exhibit not a clue as to how we as a nation can move forward with job creation and a return to full employment and utilization. It seems that many of the Congressional representatives are searching for some sort of enlightenment or magic solution from the Fed Chairman, while he, who is only in charge of Monetary Policy, cannot provide what they are looking for. We are left with leadership that seems content to let it all up to chance.
Congress itself has all of the authority that is needed to turn the economy in the right direction through the Fiscal Policy they themselves control. Until they realize this, and the true fiscal options available to them, we cannot prosper as a nation. I wish Bernanke had the sense to tell that to them straight up.