I actually read Ben Bernanke's testimony today all the way through to the end - this should get me a gold star from Barry Ritholtz, at the very least. The not-particularly-surprising news, of course, is that he'll continue to cut rates. That's the main thing: actions speak louder than words. But it's still interesting that Bernanke's words are so much more bullish than his actions:

At present, my baseline outlook involves a period of sluggish growth, followed by a somewhat stronger pace of growth starting later this year as the effects of monetary and fiscal stimulus begin to be felt. At the same time, overall consumer price inflation should moderate from its recent rates, and the public's longer-term inflation expectations should remain reasonably well anchored.