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The Economic Outlook
Wednesday, March 27th, 2007
This will be the first Congressional appearance for Chairman Bernanke after the March 21 FOMC statement, which showed greater uncertainty about the future direction of the economy and Fed policy than previous statements but without specifically mentioning the subprime mortgage market.  As the subprime loan market continues its downward spiral, trade deficits continue to be large and unsustainable and other economic news breaks, Sen. Schumer and the JEC members will ask Chairman Bernanke for his views and guidance on the economic outlook.
Opening Statements: Senator Schumer's Opening Statement
Congresswoman Maloney's Opening Statement
Congressman Saxton's Opening Statement
Witness:    The Honorable Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System
216 Hart Senate Office Building
Time:        10:30 a.m.
Press Advisory:

Federal Reserve Chairman Bernanke to Testify at Joint Economic Committee on the U.S. Economic Outlook

Listen to the Hearing