Bernanke Speaks Out

Greenspan's most likely successor, Ben Bernanke, began his confirmation hearing today. He promised to continue Greenspan's hawk-like fight against inflation, putting some critics of his dove-like behavior to rest. He still has some convincing to do when it comes to his idea of an inflation target, but he's off to a good start. Senate has passed a bill that will allow them to keep this war in check. Senate will now receive quarterly updates from the President's administration on the war in Iraq. And read about the timetable that was proposed but defeated to bring our boys home. The market was down today, but just slightly. This was mostly due to weakness in financial stocks and a loss for GM. DJIA: -10.73 Nasdaq: -14.21 S&P 500: -4.75