The Federal Reserve Chairman Did Not Hint at Any Future Interest Rate Cuts
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Wednesday a recession is possible and policymakers are "fighting against the wind" in trying to steady a shaky U.S. economy. He would not say if further interest rate cuts are planned.
Bernanke's testimony the Joint Economic Committee of Congress was a more pessimistic assessment of the economy's immediate prospects than a report he delivered earlier this year. His appearance on Capitol Hill came amid a trio of economic slumps in the... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
58 Comments | Add Yours
