The Economic Outlook

Apr 02 2008 8:30 AM

Washington, D.C. – U.S. Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC), held a hearing on the Economic Outlook for the United States with Chairman of the Board of Governors of the Federal Reserve System, Ben Bernanke, on April 2, 2008 at 9:30 am in  Room 106  of the Dirksen Senate Office Building.  Chairman Bernanke provided his first Congressional testimony following the March Federal Open Market Committee (FOMC) meeting and recent announcement that the Fed will inject $200 billion into the credit market.  While a key question is whether the U.S. is already in a recession or heading into one, the JEC explored additional measures to address this serious financial crisis.

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