State of the Economy and Monetary Policy

Federal Reserve Chair Ben Bernanke testified in a hearing on the Humphrey-Hawkins Semiannual Monetary Policy Report, current economic… read more

Federal Reserve Chair Ben Bernanke testified in a hearing on the Humphrey-Hawkins Semiannual Monetary Policy Report, current economic conditions, and the outlook for the financial sector and the broader economy. In his remarks he said while the economy is showing “tentative signs of stabilization,” the central bank intended to maintain a “highly accommodative” monetary policy for “an extended period.” He defended the central bank’s actions to restore financial stability, urged lawmakers to lay plans for reining in the deficit, and warned Congress against impinging on the Federal Reserve’s independence. He also answered questions about proposals to reorient some regulatory powers of the bank.  close

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

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  • John Adler U.S. Representative [D] New Jersey
  • Joe Baca U.S. Representative [D] California
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State of the Economy and Monetary Policy

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Program ID:
287867-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jul 21, 2009
Last Aired:
Jul 26, 2009

Airing Details

  • Jul 21, 2009 | 10:01am EDT | C-SPAN 3
  • Jul 21, 2009 | 7:03pm EDT | C-SPAN 3
  • Jul 21, 2009 | 8:37pm EDT | C-SPAN 2
  • Jul 22, 2009 | 12:59am EDT | C-SPAN 1
  • Jul 22, 2009 | 2:54am EDT | C-SPAN 1
  • Jul 22, 2009 | 5:55am EDT | C-SPAN 2
  • Jul 26, 2009 | 10:37am EDT | C-SPAN 1
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