Ben Bernanke actually said...

A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on March 1st.

Bernanke warns that upcoming spending cuts will negatively impact economic growth.

02/26/2013

More Ben Bernanke Quotes

Yes, I think a very substantial additional tack on the deficits is needed.

I think we are the premier economy, we are the safe haven, we have a strong interest in maintaining that status.

What we need is an armistice between Republicans and Democrats to solve this problem.

I think it is important for me to say that if Congress is being lulled, they should not be lulled.