Ben Bernanke speaks about the Economy

Today, Ben Bernanke urged the national government to not cut spending to rapidly because then it could cause economic turmoil, and it could further prevent economic growth not only in the United States, but also the world. Bernanke also said that he is trying to stop any future inflation in the US as well as another potential relapse into another recession. In his speech Bernanke also cited the slumping housing market and a large debt helped to stop further growth. In adddition Bernanke cited the maintenance of a high unemployment rate as well as recent employment surveys indicate a more sluggish creation of jobs.