Bernanke repeats testimony to Congress

Reuters News

2/27/2013 10:23:55 AM - Reuters News

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday repeated testimony to Congress, defending the U.S. central bank's monetary easing and warning Congress not let looming spending cuts take place.

"Given the still-moderate underlying pace of economic growth, this additional near-term burden on the recovery is significant," Bernanke said.

(Washington Economics Team; Editing by James Dalgleish)