Federal Reserve Chairman Ben Bernanke is in town today. He's at the Federal Reserve Bank of Boston delivering the keynote address in a two-day conference examining the recession and the economy.
Well, some of those effects are readily apparent right across the street from the Boston Federal Reserve Building in Dewey Square, where Occupy Boston demonstrators are in their third week protesting economic inequality in America. Earlier, when asked what he thought of the Occupy movement, here's how Bernanke responded:
Well, I would just say very generally I think people are quite unhappy with the state of the economy and what's happening. They blame, with some justification, the problems in the financial sector for getting us into this mess, and they're dissatisfied with the policy response here in Washington. At some level, I can't blame them. Certainly, nine percent unemployment and very slow growth is not a very good situation. That's what they're protesting.
Ahead of Bernanke's address entitled "The Effects of the Great Recession on Central Bank Doctrine and Practice," some protesters were asking for Bernanke to come out and meet them. Radio Boston's Adam Ragusea was there for Bernake's speech, and he joined us from the Occupy Boston encampment outside the Federal Reserve Building.
- Radio Boston's Adam Ragusea
This program aired on October 18, 2011.