MEDIA ADVISORY:
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 Since March FOMC Meeting and Recent Decision to Inject $200 Billion into Credit Markets
Schumer Invited Bernanke for His Views on Looming Recession, Spreading Credit and Housing Crisis, Declining Dollar, and Overall U.S. Economic Health
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 April 2, 2008 at 9:30 am in Room 106 of the Dirksen Senate Office Building. Chairman Bernanke will provide 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 will explore additional measures to address this serious financial crisis.
WHAT: Joint Economic Committee Hearing on “The Economic Outlook”
WHO: The Honorable Ben Bernanke
Chairman, Board of Governors of the Federal Reserve System
WHEN: 9:30 a.m., Wednesday, April 2, 2008
WHERE: 106 Dirksen Senate Office Building
WHAT: Joint Economic Committee Hearing on “The Economic Outlook”
WHO: The Honorable Ben Bernanke
Chairman, Board of Governors of the Federal Reserve System
WHEN: 9:30 a.m., Wednesday, April 2, 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.
