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The Fed was not alone, of course.
The Fed was not the only institution exposed to political wrath on Thursday.
The Fed was not buying municipal bonds, but the market reacted anyway.
Mr. Bernanke insisted that the Fed was not altering its plans for short-term rates.
Even so, Mr. Bernanke's remarks suggested that the Fed was not sure why lending had contracted.
She said that by some measures the Fed was not doing enough.
Similar(8)
"When I got my fully-loaded tray, I thought to myself that 'club fed' wasn't just a myth.
Because the urine sample collection was anonymous and not based on review of medical records, information on gestational age, length of stay in the NICU, and whether the infant was breast- or formula-fed was not available or was incomplete for many infants.
The feds are not imposing national standards.
"But if the feds are not going to come through, then we might have to do that".
"It proves that you need vigorous state enforcement at a time when the feds are not vigorously enforcing the law," said Eliot L. Spitzer, the New York attorney general.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com