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July 18th, 2012 
FAKE NEWS for the Zionist agenda During a testimony before the Senate Banking Committee on Tuesday, Bernake painted a gloomy picture for the state of economy in the country.
He added that Europe’s debt crisis and US fiscal policy created obstacles in the path to the recovery of his country’s ailing economy.
The so-called “fiscal cliff” would push the economy into a “shallow recession” early next year, Bernanke said.
The Fed chairman told lawmakers the central bank may use a fresh round of monetary stimulus to help the economy move faster.
“We haven’t really come to a specific choice at this point, but we are looking for ways to address the weakness in the economy should more action be needed to promote a sustained recovery in the labor market,” Bernanke said.
The Fed will discuss the measures to spur the recovery in its next meeting on July 31-August 1.
A recent survey by the National Federation of Independent Business (NFIB) showed that small business owners in the US are worried about the status of the economy.
“The economy has definitely slowed; job growth will be far short of that needed to reduce the unemployment rate,” NFIB Chief Economist William Dunkelberg said.
DB/MA
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