Detailed text transcripts for TV channel - MSNBC - 20120508:04:31:00
In an anti-democratic direction by the vacancies basically. >> it's absolutely right. >> it's local bank presidents essentially helping drive the policy. when ben bernanke goes to the fomc, open market committee, they're the ones who with bernanke say, basically, to oversimplify it, we're going to put more money into the economy. we're going to keep thing where they are, take things out of the economy. there's been a battle in this committee brewing over what's the best path forward? >> there's definitely been a battle over thinking about, first of all, i think there's two issues. one is how m...