Bernanke, delivering the central bank's semiannual report to Congress on monetary policy, said Fed officials believe the U.S. economy is still on a path to recovery.
"Although fiscal policy and inventory restocking will likely be providing less impetus to the recovery than they have in recent quarters, rising demand from households and businesses should help sustain growth," Bernanke said.
SO for now, as my chart s have been showing,we're in trading range, we're in a downtrend....until we break out, and I see LITTLE data backing bullish fundamentals....but maybe that's me.
"Although fiscal policy and inventory restocking will likely be providing less impetus to the recovery than they have in recent quarters, rising demand from households and businesses should help sustain growth," Bernanke said.
SO for now, as my chart s have been showing,we're in trading range, we're in a downtrend....until we break out, and I see LITTLE data backing bullish fundamentals....but maybe that's me.
FINREG BILL SIGNED
"Considered the most sweeping overhaul of the financial system since the New Deal, the law immediately gives regulators stronger powers to break up financial companies that have grown too big.(Want to know what happens next? Read about Wall Street reform's timeline.)
Among its many provisions, the law also attempts to shine a light on complex financial products called derivatives and creates a new consumer protection agency that will set rules to curb unfair practices in consumer loans and credit cards.
"These reforms represent the strongest consumer financial protections in history," Obama said. "And these protections will be enforced by a new consumer watchdog with just one job: looking out for people - not big banks, not lenders, not investment houses - in the financial system."
"Considered the most sweeping overhaul of the financial system since the New Deal, the law immediately gives regulators stronger powers to break up financial companies that have grown too big.(Want to know what happens next? Read about Wall Street reform's timeline.)
Among its many provisions, the law also attempts to shine a light on complex financial products called derivatives and creates a new consumer protection agency that will set rules to curb unfair practices in consumer loans and credit cards.
"These reforms represent the strongest consumer financial protections in history," Obama said. "And these protections will be enforced by a new consumer watchdog with just one job: looking out for people - not big banks, not lenders, not investment houses - in the financial system."
A SHAME what we already got can't get job done, but thats what GOV is good at GETTING BIGGER...shoot there's your TOO BIG TO FAIL...
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