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Wednesday, June 22, 2011

UK: The troubled US economy

The Guardian

Ben Bernanke's press conference - live coverage

Federal Reserve chairman Ben Bernanke holds a press conference on the state of the US economy. Follow it here live
By Richard Adams

For only the second time, Federal Reserve chairman Ben Bernanke will take the microphone for an open press conference today at 2.15pm ET – at a moment when fears that the US economy is sliding back into recession, thanks to anaemic growth, lacklustre job creation and the lasting effects of the financial market and housing meltdown going back three years.

The climate for the US economy has certainly got worse since Bernanke debut press conference – and this afternoon appearance before the media should see more probing questions about how the Federal reserve intends to handle monetary policy going forward.

Read the rest of the post here:

http://www.guardian.co.uk/business/richard-adams-blog/2011/jun/22/ben-bernanke-press-conference-live

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