Congress Expected to Have The Clam Clarify Bond Buying Program

“WASHINGTON (AP) — Chairman Ben Bernanke will be pressed to clarify the Federal Reserve’s approach to the still-sluggish U.S. economy when he testifies to Congress this week.

Bernanke will give his semiannual report to the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday.

Lawmakers will likely question the chairman about the future of the Fed’s bond buying program, his view of the economy and his concerns about the budget impasse between Congress and the Obama administration.

Here are some issues Bernanke will likely face and his possible responses…”

Full article