It's official. In testimony before a Senate committee earlier this week, Ben Bernanke retracted his remarks to Maria Bartiromo, upon specific questioning of the incident by Senator (former perfect game hurler) Jim Bunning of Kentucky.
In a rather muted moment, Bernanke muttered that he had a lapse of judgment concerning speaking to the CNBC talking head about his and the Fed's true intentions with respect to rate hikes.
Thank goodness! Sanity prevails, and Maria's not un unofficial member of the Open Market Committee after all.
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