Chicago-area financial experts were dissatisfied by joint testimony Thursday on the state of the U.S. economy from Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and SEC Chairman Christopher Cox.
It was the first time the three top U.S. financial officials testified together before the U.S. Senate Committee on Banking, Housing and Urban Affairs since shortly after the Sept. 11, 2001 terrorist attacks.
Bernanke seemed to leave the door open for further Fed rate cuts, again stoking concerns about inflation.
“By the end of this year, I think inflation is going to be a really big problem,” said Matt Zeman, a trader at Chicago-based brokerage LaSalle Futures Group Inc.
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