By: Michael E. Martinez

Yesterday, the new Federal Reserve Chairman, Ben Bernanke, finished his second day of testimony on Capital Hill.As expected, Bernanke didn't introduce any new information. He didn't go beyond saying what has been said before about his stance on monetary policy. Bernanke took tough questions from Congress, but he declined to answer on questions regarding politics.

Bernanke stated that the U.S. Economy preformed well throughout 2005 with GDP up over 3 percent, the unemployment rate below 5 percent, as well as payroll expansion of 2 million throughout 2005. Thus far, Wall Street likes what they see with Mr. Bernanke. He has been praised of speaking in plain english compared to his predecessor Greenspan. Bernanke sees the economy continuing to expand throughout the next two years.

There was one cause for concern, however. Bernanke stated that if housing prices pop or leak faster than expected, we could have serious consequences regarding the economy. I think Bernanke will do a good job of trying to keep inflation in check, as long as he tries to follow the footsteps of Greenspan, he will do a great job in the highest economic position in the country.