Richard Melson

May 2006

JEC Bernanke

www.house.gov/jec

PRESS RELEASE

For Immediate Release

May 25, 2006

BERNANKE'S ANSWERS TO SAXTON'S QUESTIONS RELEASED

Press Release #109-77

Contact:

Christopher Frenze

Executive Director

(202) 225-3923

WASHINGTON, D.C. - Today Joint Economic Committee (JEC) Chairman Jim Saxton released Federal Reserve Chairman Ben Bernanke's answers to questions submitted in connection with a recent JEC hearing at which Bernanke testified. Saxton submitted additional written questions on the following topics:

Possibility of future increases in the federal funds rate;

Flexibility of inflation targeting;

Role of asset prices in influencing monetary policy; and

Recent trends in inflation, and the relative merits of the personal consumption expenditure deflator and the consumer price index as measures of inflation.

For more information on monetary policy, please visit our website at www.house.gov/jec

433 Cannon House Office Building * Washington, DC 20515 * (202) 226-3234 Fax (202) 226-3950 * www.house.gov/jec

JOINT ECONOMIC COMMITTEE
Members -- 109th Congress:

Republican Members

House of Representatives:

U. S. Senate:

Sen. Robert F. Bennett, Vice Chairman (UT)

Sen. Sam Brownback (KS)

Sen. John Sununu (NH)

Sen. Jim DeMint (SC)

Sen. Jeff Sessions (AL)

Sen. John Cornyn (TX)

Democrat Members

House of Representatives:

U. S. Senate:

Sen. Jack Reed, Ranking Member (RI)

Sen. Edward M. Kennedy (MA)

Sen. Paul Sarbanes (MD)

Sen. Jeff Bingaman (NM)

Bernanke's Answers to Saxton's Questions Released

Attachment:

pr109-77.pdf (0.04 MB), ChairmanBernanke_sresponse.pdf (0.88 MB), image001.jpg (0.01 MB)

JECFAX JECFAX@MAIL.HOUSE.GOV

Thursday, May 25, 2006

Joint Economic Committee & Bernanke

Thursday, May 25, 2006