What Did the Fed Chairman Tell a Congressional Panel in Late

Multiple Choice

What did the Fed chairman tell a congressional panel in late September 2008?

A) "In the long run we are all dead."
B) "If we don't do this [the Troubled Asset Relief Program], we may not have an economy on Monday."
C) "A recession is when your neighbor loses his job; a depression is when you lose yours."
D) "Inflation is always and everywhere a monetary phenomenon."
E) "We do not believe that more fiscal stimulus will improve economic performance."