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U.S. Economic Outlook
House Financial Services Committee holds a hearing on the state of the economy, the labor market, and the conduct of monetary policy. Chairman Bernanke testified about the state of the economy, inflationary pressures, and future of interest rates.139 views
In his first appearance before the committee, Chairman Bernanke testified about the fiscal challenges to the U.S. economy. Topics included the federal budget deficit, interest payments on the federal debt, the long-term budget outlook, the most recent Congressional Budget Office projections (2005), tax income, entitlements, and the Gross Domestic Product. He also commented on the severe stock market disruption of the previous day.129 views