Archive

Bernanke Says Economy Still Recovering

STAY THE COURSE

In testimony to Congress.

cheats/2013/07/17/bernanke-says-economy-still-recovering/130619-fed-bernanke-gross-tease_gj8jgh
Richard Drew/AP

In what will likely have been his final semiannual report to Congress, Fed chairman Ben Bernanke said that while the economy is recovering it is too fragile for the Fed to wind down its bond-buying program. Bernanke stressed that the continuation or the gradual ending of the program would depend entirely on the country's economic outlook, not on a preset course. He also warned that upcoming congressional budget battles and a fight over the debt ceiling could do damage to the economy.

Read it at the Wall Street Journal