• Wealth and poverty

    True riches would be to create a safe and satisfied community for all South Africans.

  • SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

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Bernanke vows to shield US from EU woes

Feb 07 2012 18:01
Reuters
Washington - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe’s financial crisis from damaging the US economy in testimony before Congress that mirrored remarks he made last week.

“We are in frequent contact with European authorities, and we will continue to monitor the situation closely and take every available step to protect the US financial system and the economy,” Bernanke said in remarks prepared for delivery to the Senate Budget Committee.

The Fed chairman maintained a cautious tone on the US outlook and did not refer to surprisingly strong US jobs data released on Friday.

“We still have a long way to go before the labour market can be said to be operating normally,” he said, employing language identical to remarks delivered on Thursday before the House budget panel.
ben bernanke  |  euro debt crisis  |  us economy

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