Bernanke to address lawmakers - WAOW - Newsline 9, Wausau News, Weather, Sports

Bernanke to address lawmakers

Posted:

WASHINGTON (AP) -- Ben Bernanke delivers his twice-a-year economic report to Congress Wednesday, as the fragile recovery struggles through rampant unemployment, record-high home foreclosures and tough-to-get credit.

Lawmakers want to know what the Federal Reserve chairman can do to ease the jobs crisis and make sure the economic recovery holds up.

When he was sworn in for his second term as Fed chief this month, Bernanke said Congress and the White House must do their part to provide relief. He said the central bank "cannot hope to solve all these problems" on its own.

Many Congress members will be looking for clues about when the Fed might start to tighten credit. Experts think a bump up in interest rates is still months away.

Online Reporter: Jill Courtney

Powered by Frankly