The head of the U.S. central bank says America's economy is slowing and that a short-term economic stimulus package would be beneficial to spur growth and help avoid the risk of a recession. VOA's Michael Bowman reports from Washington, where Federal Reserve Chairman Ben Bernanke testified on Capitol Hill.
A recent string of sobering economic news - including lower growth rates, higher unemployment and runaway energy costs - has made economic stimulus a hot topic in Washington and beyond. Leaders of both political parties, as well as most presidential candidates and even the White House, are now on record urging action to spur the economy and aid those who are suffering in the current economic environment.
Addressing the House Budget Committee, Fed Chairman Bernanke cautiously added his voice to the growing chorus.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment