Economist Online

Chairman Bernanke explains, in details, Fed’s balance sheet, which has doubled to $2 trillion since the crisis began.

Part I

Part II

Tip: Starting around 10′, Bernanke outlines the potential tools for the “exit strategy”.

Finally, former Director of Monetary Affairs at the Fed Vince Reinhart responds to Bernanke’s speech:

Various graphs looking at the current unemployment from historical perspective (click to enlarge):

(graphs courtesy of calculatedrisk, and NTB)

Comment on job report yesterday from John Silvia (Chief Economist of Wachovia):