Sep 24 2008 12:01 AM
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 Wednesday, September 24, 2008 at 10:00 a.m. in Room 106 of the Dirksen Senate Office Building. Chairman Bernanke provided his first Congressional testimony following the September Federal Open Market Committee (FOMC). The Joint Economic Committee, along with Chairman Bernanke, discussed the effects of the credit crunch and housing crisis, growing inflation, and current state of the economic downturn.