NEW YORK – Federal Reserve Board Chairman Ben Bernanke will repeat his testimony from last week before the House Budget committee to the Senate budget panel Tuesday, the Fed said.

Last week, Bernanke testified that while the economy has gradually recovered over the past two and a half years, albeit at a “frustratingly slow” rate, such expansion leaves it vulnerable to shocks, and the outlook is still uncertain, and requires “close monitoring of economic developments.”

 

 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.