Fed chief to face grilling after weak jobs report

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke may feel surrounded when he testifies before Congress this week.

From his left, Democrats will demand to know what the Fed can do to create jobs, especially after the government reported last week that unemployment rose to 9.2 percent in June and the economy generated just 18,000 net new jobs.

From his right, Republicans will likely question the Fed’s complicity in high energy and food prices.

Full Article

Print Friendly, PDF & Email

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.