Tags: US | Bernanke

Fed Chief to Congress: Don't End Stimulus Spending

Thursday, 22 Jul 2010 10:36 AM

Federal Reserve Chairman Ben Bernanke says the fragile economy still needs government stimulus spending to strengthen the recovery and help reduce unemployment.

Bernanke tells lawmakers that Congress should come up with a credible plan to reduce the government's record-high budget deficits in the long run. But he says they shouldn't move to slash spending or boost taxes, or undertake some combination of both right now.

He says: "I believe we should maintain our stimulus in the short term."

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved