Fed chief details woes in markets, housing, jobs

[intheflow]

Source: AP

WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" including persistent strains in financial markets, rising joblessness and housing problems — despite the Fed's aggressive interest rate reductions and other fortifying steps.

At the same time, Bernanke, testifying before the Senate Banking Committee, sounded another warning that rising prices for energy and food are elevating inflation risks.

(snip)

Read more: http://news.yahoo.com/s/ap/20080715/ap_on_bi_ge/bernanke

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I think this guy should stop whining and get over his mental recession. :sarcasm:

[Liberal Veteran]

1. You know, maybe he should take some Zoloft and Xanax to help the economy.

After all, it is all in his head.

[intheflow]

2. Well, with this administration

I think a lobotomy would be more helpful, but I suppose we can throw Big Pharma a bone and try the drugs first.

[Earth_First]

3. But, * says that the economy is "basically sound" n/t

[intheflow]

4. And we all know *'s word is law.

At least it is in these Orwellian times. :crazy: