Bernanke Says China Slowdown Isn't `Concerning' for U.S.

Federal Reserve Chairman Ben S. Bernanke said that “some slowing” in China’s economy isn’t enough to derail the U.S. recovery because oil prices would decline as Chinese demand ebbs.

“We watch that very carefully,” Bernanke told U.S. lawmakers on the Joint Economic Committee in Washington today. “So far, I don’t think the change in Chinese prospects on net are enough to be concerning for the U.S.”

To contact the reporters on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net; Joshua Zumbrun in Washington at jzumbrun@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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