Federal Reserve Chairman Ben Bernanke Recommends Quick, But Temporary Fiscal Stimulus Plan

Federal Reserve Chairman Ben Bernanke
Recommends Quick, But Temporary
Fiscal Stimulus Plan
Thursday, January 17, 2008

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MarketWatch.com has this take on the story... Congress could help steer the economy away from recession if it adopted a quick, efficient and temporary fiscal stimulus plan, Federal Reserve Chairman Ben Bernanke told Congress on Thursday... Bernanke made it clear he wasn't forecasting a recession, but said action by Congress, along with more interest-rate cuts from the Fed, could help prevent one...
Read the rest at link below...
Bernanke endorses quick, temporary fiscal stimulus

* FoxBusiness.com reports it this way... President Bush and Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert recession. Bernanke said such a plan should be aimed at quickly getting cash into the hands of people...
Read this report in full at link below...
President Bush, Bernanke Deem Short-term Stimulus Package Necessary

* Speaker.gov...
Speaker Nancy Pelosi
Following link from 01-16-08
Pelosi: Remarks On Economic Stimulus Package After Meeting With Bipartisan House Leadership

* RepublicanLeader.house.gov...
Republican Leader John Boehner
Boehner Highlights Bipartisan Talks on Economic Growth Package, GOP Efforts on Earmark Reform

GOP Leader: "Washington Is Broken... We Need to Show the American People that We Are Serious About Fixing It"

* ABC News...
A manufacturing drop and credit fears led to another horrible day for stocks...
Wall Street Worries Continue: Dow Falls 307

File Photo by The Federal Reserve Board