Bernanke comments at Capitol Hill Testimony

Written June 3, 2009 at 10:03 AM EST by  
  •  REPEATS HOUSING HAS SHOWN SOME SIGNS OF BOTTOMING
  •  REPEATS PACE OF ECONOMY CONTRACTION MAY BE SLOWING
  • SAYS UNEMPLOYMENT TO RISE FURTHER IN NEXT FEW MONTHS
  • TAXES SHOULD MATCH APPROPRIATE LONG-TERM SPENDING
  •  CAN’T BORROW INDEFINITELY TO FUND ENTITLEMENTS
  • FINANCIAL MARKETS REMAIN UNDER STRESS
  • MUST START PLANNING NOW TO RESTORE FISCAL BALANCE
  • MORE BANK ANNOUNCEMENTS ON RAISING EQUITY
  • RISE IN YIELDS PARTLY REFLECTS DEFICIT CONCERNS
  • WARNS LONG-TERM DEFICITS THREATEN FINANCIAL STABILITY

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