mr. ben bernanke and worksite policies don't stay the same. >> is interesting because interest rates areink of the bond market is taking matters into its own hands and kind its own hands and kind of ignoring all of this extreme stuff going on. neil: if there's no inflation though. >> the market is taking matters into their own hands. and that is a big question for exit strategy. and so we saw back in the month of may, ben bernanke took a hint to stop earning money in and the market went haywire and finally it shot up and it was chaos. and the one thing that everyone was always demanding, isn't that a pickle? we will have that tomorrow. we are all over it. >> this strain of libertarianism is very dangerous. >> we are dangers to the status quo. >> libertarians are coming and we are skeptical of both parties. >> we have made these anarchy actions. >> come to a libertarian. ice. >> you live in a world of

ben bernanke clearly is not the kind of tough authoritarian we had from either paul volcker or mr., the real question i think the kind of elephant in the room, is qe working? is the policy of spending trillions of dollars to buy up bond from the market, is it working to improve the economy? isn't that the real question at heart of all this? >> that's correct. but i view qe entirely different way. jump in rates last may and june show the way the fedorged qe is working is simply incorrect. qe is working as announcement about the funds rate policy. it's like ernest money or like what economists call a commitment mechanism. as long as qe is in place, the fed won't be raising rates. so they have create ad problem for themselves because they realized that central bank can't continue forever buying 85 billion. a month. it is just not working as advertised. doing something different that has create ad trap for themselves. david: and jon, bill has been very eloquent in written arguments against qe, as being a panacea, cure-all for the economy. the clear point he makes which is indisputable,

fed chairman ben bernanke getting ready to deliver a major speech about two huge issues for investors. we're telling you exactly what those issues are and what mrke is like to say, because fed policy moves the markets and your money. it will be just one of the topics in my exclusive interview with terry duffy,cme annual global financial leadership conference in naples, florida. such a parade of guests through here. hillary clinton was the keynote speak per yesterday, all major names right here that matter to your money. ♪ ♪ you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ paying ourselves to do what we love? if hey breathing's hard.me, know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me brea

mr. chairman. >> i thank you for your testimony today. this hearing is adjourned. [inaudible conversations] [inaudible conversations] [inaudible conversations] >> janet yellen, president obama's choice to replace ben bernanke as the head of the federal reserve, testifies at her confirmation hearing. you may see it live starting at 10 eastern on c-span3. >> homeland security secretary nominee jeh johnson took questions yesterday at his senate confirmation hearing. that's next. the senate is back in at 9:30 a.m. eastern and will continue work on the measure that will tighten federal oversight at compound pharmacies. live senate coverage here on c-span2. >> from a young age, she loved to write. she would write a poem and illustrate it. we have two early examples when she was about 10 years old. in the fall of 1950, she entered "vogue"'s very well-known writing contest and one was a self-portrait and question three of you said, the first two should mention our the french poet and oscar wilde the author. in the early 1950s, jacqueline was hired as an inquiring camera girl. one column we have on display here is somewhat pathetic because she's introduced vice president nixon. >> watched a program on first lady ja