Federal Reserve Chairman Ben Bernanke testified Monday that Congress should consider passing a new stimulus package to try to jump start the economy. The news is quite surprising because this has been noted by some economists to be Bernanke's most dire assessment of the current financial crisis yet. When asked whether the United State's was experiencing a "recession" Bernanke responded that it was an "economic slowdown". Bernanke agreed with lawmaker's not to pass the current bailout package but definitely sugessted that another plan be pursued.
http://money.cnn.com/2008/10/20/news/economy/bernanke_testimony/?postversion=2008102013
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment