In the question and answer period, Bernanke made clear that increasing the retirement age is probably the most likely solution to the entitlement spending problem:
He also encouraged policy makers to find ways "to make the labor market as accommodating as possible to older people who wish to continue working."
In answer to another question he put forth the notion, as Greenspan did many times, that CPI understates inflation:
"We do think...that standard CPI does overstate true inflation -- if we could measure true inflation -- by some amount between one-half and one percentage point," Mr. Bernanke said.
I wonder if Bernanke has actually been in a store recently to buy anything. If he has, he knows the absurdity of this statement. Notice too that he acknowledges that the Fed can't even measure true inflation, which should make one wonder how they are supposed to control something they can't even measure.