Federal Reserve System Board of Governors Chairman Ben Bernanke's Testimony As Prepared for Delivery Before the House Committee On Financial Services
Political Transcript Wire (July 21, 2009)
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Federal Reserve System Board of Governors Chairman Ben Bernanke's Testimony As Prepared for Delivery Before the House Committee On Financial Services
FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE'S TESTIMONY, AS PREPARED FOR DELIVERY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE, AS RELEASED BY THE FEDERAL RESERVE
JULY 21, 2009SPEAKER: FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE[*] BERNANKE: Chairman Frank, Ranking Member Bachus, and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress. Economic and Financial Developments in the First Half of 2009Aggressive policy actions taken around the world last fall may well have averted the collapse of the global financial system, an event that would have had extremely adverse and protracted consequences for the world economy. Even so, the financial shocks that hit the global economy in September and October were the worst since the 1930s, and they helped pus...Try vLex for FREE for 3 days
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