FXstreet.com (Córdoba) - Bernanke started his second day of semiannual testimony before the US Congress, speaking before the House Financial Services Panel to discuss the economic outlook and monetary policy.
Bernanke's prepared remarks remained the same as the first day. He usually uses the second day to revise and extend his remarks and may push back on any interpretations of his first day's testimony that he think are incorrect.
On Tuesday, at his testimony before the Senate Banking Committee, Bernanke held a dovish tone, highlighting the softness of the US economic recovery and the "frustratingly slow" decline in the unemployment rate.
Even though Bernanke reiterated the Fed remains prepared to act, he refrained from offering details and did not explicit whether it would take the form of quantitative easing or when further action would take place.
Today, the 52 members of the House Financial Services panel get five minutes each to ask the Fed chairman questions.
Bernanke's prepared remarks remained the same as the first day. He usually uses the second day to revise and extend his remarks and may push back on any interpretations of his first day's testimony that he think are incorrect.
On Tuesday, at his testimony before the Senate Banking Committee, Bernanke held a dovish tone, highlighting the softness of the US economic recovery and the "frustratingly slow" decline in the unemployment rate.
Even though Bernanke reiterated the Fed remains prepared to act, he refrained from offering details and did not explicit whether it would take the form of quantitative easing or when further action would take place.
Today, the 52 members of the House Financial Services panel get five minutes each to ask the Fed chairman questions.
