Published on 8th June 2012
"Federal Reserve Chairman Ben S. Bernanke expressed worry Thursday about the significant weakening in the nation’s job market but gave no hint of whether he plans additional intervention by the Fed to spur more hiring. Bernanke’s appearance before Congress came after two weak jobs reports and a slew of other economic data showed that US economic growth was slowing and the unemployment rate had started heading back up. Investors and Wall Street economists have predicted that the worrisome economic signs would make the Fed more likely to act at its policymaking meeting in a little less than two weeks. But Bernanke declined to offer guidance," reports the Washington Post.