Bernanke Challenges Lawmakers To Address Nation's Fiscal Challenges
November 21, 2012 6:35 AM EST
Federal Reserve Chairman Ben Bernanke used a wide-ranging policy speech Tuesday to challenge federal lawmakers to get serious about the nation's "urgent" fiscal challenges and also offered support for a two-step approach to solving the coming tax hikes and government spending cuts.
Speaking in New York at the Economic Club, a massive conference room the head of the U.S. central bank jokingly referred to as "intimate," he said "we will do our best to provide support to the economy," but added that policymakers needed to take the baton from his institution since “the ability of the Fed to offset headwinds is not infinite."
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