“Federal Reserve Chairman Ben Bernanke spent a second day testifying before Congress on monetary policy and the U.S. economy.
Bernanke’s prepared testimony before the House Financial Services Committee on Wednesday was virtually identical to his presentation to the Senate Banking Committee on Tuesday.
Here are some highlights from the question and answer session during Wednesday’s hearing.”
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“The Federal Reserve is not currently forecasting a recession.” – Ben Bernanke, January 10, 2008
They’ve been so good at forecasting in the past…I guess we should take their word for it.
hahaha Strom,
“the housing problem should be contained and not harm the rest of the economy…”