Ben Bernanke to Testify Before Congress on Economy - East Idaho News
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Ben Bernanke to Testify Before Congress on Economy

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Getty 060712 BenBernanke?  SQUARESPACE CACHEVERSION=1342524660540Andrew Harrer/Bloomberg via Getty Images(WASHINGTON) — Americans can expect to see some political theater on Tuesday when Ben Bernanke testifies before members of the Senate Banking Committee. 

The Federal Reserve Board Chairman is set to deliver his view of the slowing economic growth. 

Democratic Sen. Charles Schumer of New York is expected to press Bernanke to take more steps to jolt the economy.  Other Democrats may join in the chorus, while Republicans are highly skeptical about further moves.

Investors are hoping Bernanke will hint that more bond purchases are on the horizon.  In the past, the purchases have led to boosts in the stock market.

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