FEDERAL RESERVE CHAIRMAN BERNANKE TO TESTIFY AT JOINT ECONOMIC COMMITTEE ON THE U.S. ECONOMIC OUTLOOK
JEC Hearing Will Be Fed Chair’s First Congressional Testimony After September FOMC Meeting, and Treasury’s Fannie and Freddie Takeover
Given the Current Economic Downturn, Spreading Credit and Housing Crisis, and Fears of Growing Inflation, Schumer Requested Fed Chair to Testify
Washington, D.C. – U.S. Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC), will hold 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 will provide his first Congressional testimony following the September Federal Open Market Committee (FOMC). The Joint Economic Committee, along with Chairman Bernanke, will discuss the effects of the credit crunch and housing crisis, growing inflation, and current state of the economic downturn.
WHAT: Joint Economic Committee Hearing on “The Economic Outlook”
WHO: The Honorable Ben Bernanke
Chairman, Board of Governors of the Federal Reserve System
WHEN: 10:00 a.m., Wednesday, September 24, 2008
WHERE: 106 Dirksen Senate Office Building
The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
# # #