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Following a confirmation vote in the Senate last month, and making his first appearance in front of the U.S. Congress Ben Bernanke contributed his very own opinion regarding the United States Economy even though the rising tells us different.
The country has lost 8.4 million jobs since the economy in December 2007 dropped into its deepest downturn since the Great Depression. Bernanke stated job losses were narrowing, but also acknowledged the recession's toll on American workers.
"The FOMC continues to anticipate that economic conditions - including low rates of resource utilization, subdued inflation trends, and stable inflation expectations are likely to warrant exceptionally low levels of the federal funds rate for an extended period," Bernanke said.
Mr. Bernanke also said that "Notwithstanding the positive signs, the job market remains quite weak," in testimony prepared for delivery to the U.S. House of Representatives Financial Services Committee.
Mr. Bernanke told lawmakers that the
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