The Economic Outlook - by Fed Chairman Bernanke

The Economic Outlook - by Fed Chairman Bernanke

Before the Joint Economic Committee, U.S. Congress
April 2, 2008

Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and other members of the Committee, I am pleased to appear before the Joint Economic Committee. In response to deterioration in the near-term outlook for the economy and intensified strains in financial markets, in recent months the Federal Reserve has eased monetary policy substantially further and taken strong actions to increase market liquidity. In my remarks today, I will first offer my views on conditions in financial markets and the outlook for the U.S. economy . . . .

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