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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bernanke: Treasury Is 'Understaffed'

Fed Chairman Ben Bernanke just dropped a little news in the middle of an otherwise pretty prosaic meeting of the House Financial Services committee, where he is delivering his biannual report on the economy.

Responding to a question on when Treasury would come forward with some more specific plans on its economic recovery plan, Bernanke said: "Treasury is understaffed."

This seems like a rather bad time for Treasury to be understaffed. Maybe Treasury Secretary Tim Geithner should include some more job slots at his shop in his recovery plan.

Bernanke made no comment on staff conditions at the Fed.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  February 25, 2009; 12:23 PM ET
Categories:  The Ticker  | Tags: Ben Bernanke, Federal Reserve, Tim Geithner, Treasury  
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