U.S. Economic Outlook

Ben Bernanke testified about last month’s backing of a JPMorgan Chase purchase of Bear Stearns. He was closely questioned about… read more

Ben Bernanke testified about last month’s backing of a JPMorgan Chase purchase of Bear Stearns. He was closely questioned about the Federal Reserve’s offer of $30 billion in government money to help prevent Bear Stearns' bankruptcy. He explained that the failure of the large bank would have endangered the U.S. economy. He also predicted slow economic growth in the next few months and the possibility of a recession, but made no mention of further prime rate cuts. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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U.S. Economic Outlook

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Program ID:
204658-1
Category:
Joint Committee
Format:
Joint Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 2, 2008
Last Aired:
Apr 5, 2008

Airing Details

  • Apr 02, 2008 | 9:29am EDT | C-SPAN 3
  • Apr 02, 2008 | 8:32pm EDT | C-SPAN 1
  • Apr 05, 2008 | 10:03am EDT | C-SPAN 1
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U.S. Economic Outlook

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