Breaking News

Tweet TWEET

Bernanke Tells Senators of Europe Risk to U.S., Johanns Says

Federal Reserve Chairman Ben S. Bernanke told U.S. senators that a worsening in the European sovereign debt crisis may harm the U.S. economy, according to a senator who attended the meeting.

Senator Mike Johanns, a Republican from Nebraska, said that based on Bernanke’s closed-door comments, the Fed chairman “acknowledges” that “if Europe starts to unravel” then “it definitely will have an impact on the economy.” Johanns spoke to reporters after leaving the meeting with Bernanke early.

To contact the reporter on this story: Scott Lanman in Washington at slanman@bloomberg.net;

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net; Mark Silva at msilva34@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.