Chairman of the US Federal Reserve, Ben Bernanke, says the outlook for the US economy appears to be improving.
![Federal Reserve Chairman Ben Bernanke delivers a report on the country's economic and financial health before the House Financial Services Committee, on Capitol Hill in Washington, Tuesday, July 21, 2009. [J. Scott Applewhite/CCTV/AP Photo]](http://images.china.cn/attachement/jpg/site1007/20090722/001ec94a1ee40bd0c5990f.jpg "Federal Reserve Chairman Ben Bernanke delivers a report on the country's economic and financial health before the House Financial Services Committee, on Capitol Hill in Washington, Tuesday, July 21, 2009. [J. Scott Applewhite/CCTV/AP Photo]") |
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Federal Reserve Chairman Ben Bernanke delivers a report on the country's economic and financial health before the House Financial Services Committee, on Capitol Hill in Washington, Tuesday, July 21, 2009. [J. Scott Applewhite/CCTV/AP Photo]
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In the Fed's semiannual report on the economy to Congress on Tuesday, Bernanke said there were signs of pick up in the financial markets and the overall economy. But he warned that unemployment was likely to remain high into 2011, which could put recovery at risk.
Speaking about winding out massive stimulus plans... Ben Bernanke says the Fed, or the US central bank, will be able to ease off spending on economic stimulus programs and thus lower inflationary pressures. He also said any such steps are still far off in the future and that the Federal Reserve's is still focused on promoting economic recovery.
(CCTV July 22, 2009)
