Not much new from Bernanke. He says the Fed is doing everything it can to restore US growth an financial stability. It will keep rates low for some time, as a result. When the economy has begun to recover, the Fed will raise rates and reduce its balance sheet he says (trying to assure the markets rates won’t stay too low too long like earlier this decade.
Bernanke will take Q&A after his speech from reporters, a real rarity in these parts.