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A lot of tension was felt during the U.S stock session yesterday, as Ben Bernanke gave his quarterly statement about the economy and future outlook, while certain large caps released their earnings.
Fed Chairman Ben Bernanke delivered his testimony on Capitol Hill, mentioning that even though the rate of the contraction is declining, the U.S economy still has a long way to go until it begins to show healthy economic growth. The chairman mentioned that economic growth is expected throughout 2010, but it could still be accompanied by high unemployment. Bernanke also touched on the inflation subject, preparing investors in advanced, incase monetary tightening will be required. To date the Fed has numerous methods that it can carry out to prevent inflation, some of which include selling a portion of its long-term securities holdings and selling bills and deposits.
A lot of tension was felt during the U.S stock session yesterday, as Ben Bernanke gave his quarterly statement about the economy and future outlook, while certain large caps released their earnings.
Fed Chairman Ben Bernanke delivered his testimony on Capitol Hill, mentioning that even though the rate of the contraction is declining, the U.S economy still has a long way to go until it begins to show healthy economic growth. The chairman mentioned that economic growth is expected throughout 2010, but it could still be accompanied by high unemployment. Bernanke also touched on the inflation subject, preparing investors in advanced, incase monetary tightening will be required. To date the Fed has numerous methods that it can carry out to prevent inflation, some of which include selling a portion of its long-term securities holdings and selling bills and deposits.
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