- July 17, 2012
Fed Chairman Says Economy And Jobs Picture Bleak!
Fed Chairman Bernanke delivered a bleak assessment of the U.S. economy to lawmakers on Tuesday, citing a slowdown in economic activity this year and a stubbornly high rate of unemployment. Bernanke provided no new direct clues as to whether the central bank would take fresh steps to support the fragile economic recovery. “The U.S. economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of this year,” Mr. Bernanke said in testimony prepared for his semiannual appearance before the committee.
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