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At the conclusion of Fed chief Ben Bernanke's speech today, it was time for questions...

MODERATOR: Thank you Dr. Bernanke. As I mentioned a few minutes ago, we do have a few minutes. So, I am going to ask him if he would respond to some questions. And we could do this the old-fashioned way, where I ask the questions and you provide the answer or, this jeopardy kind of thing. Almost, considering that these questions have been hermetically sealed in a mayonnaise jar and kept in the turban that Johnny Carson used in his Carnack routine, you could provide me the answer first and then I could read the questions.

BERNANKE: All right, four percent.

MODERATOR: I really didn't think you would do that

.Humor aside, I have to seriously wonder why -- of all the things that Ben Bernanke could have said -- he free associated here to an interest rate? And of all the interest rates, why four percent?

Is this a clue as to where Fed funds will be in a year? Is this where Bernanke fears core inflation will be in a year? Who knows... but as Freud said, there are no accidents. That number means something.

Thanks to our correspondent "Irrational Exuberance" for the transcript.

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