Top News | May 23, 2013
Bernanke says real and sustainable progress needed
Federal Reserve Chairman Ben Bernanke signaled the Fed will not reduce record stimulus without “real and sustainable” progress in reducing unemployment and concerns remain that federal budget cuts are endanger the recovery. When progress is evident, the Fed “will in steps respond to that by reducing the amount of accommodation in a way that’s appropriate,” Bernanke testified to the Joint Economic Committee of Congress.
