He writes (correctly in my view):
This press conference looks like a more intelligent, faster-paced version of a congressional hearing. It's a lot of the same questions -- bond-buying, high oil prices, long-term unemployment -- except you would've gotten five lawmakers making speeches about gas prices before asking a single question. Bernanke looks the same as he does at a hearing. He's not exactly thrilled to be there, but happy to take questions as long as you want.
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