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FBN’s Peter Barnes breaks down the Congressional testimony of Fed Chairman Ben Bernanke.
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-- ball -- give it a bullet points of what Ben Bernanke's got a site.
Stewart here's his testimony Bernanke does not overtly -- up more monetary stimulus in this testimony.
He does not specifically mention another round of quantitative easing printing money.
But he hints that the Fed may need to do more to help the economy and job creation he says quote.
More rapid gains in economic activity will be required to achieve significant further improvements in labor market conditions.
He says this after -- off offers up some possible reasons why job creation has slowed recently.
He says again that bigger payroll gains earlier this year may be weather related or maybe catch up hiring after companies cut back their -- were also aggressively during the recession.
But all of this may be over now he says stronger economic growth of course could come from more stimulus from the Fed.
But he also says it will depend on congress and the White House working together to avoid a fiscal cliff at the end of this year and on Europe.
He urges European leaders to do more to fix their debt crisis he says that's created a drag.
On US exports and adds that the Fed is ready to act to protect the financial system and the economy if the crisis over there gets -- Ocular -- to try to sum it up by him saying no old books mention all printing more money.
But he's ready to act if Europe gets was prepared to take action that's what he's yes OK that's that's somewhere else.
And -- and also though.
That he he he really wants congress and the White House to work something out.
On the year end fiscal cliff -- result of that -- in other words okay -- right he's dealt what he can.
It's up to you guys you get you fix that situation by Peter thank you very much indeed violent assault we got it from you.
