Bernanke Testifies on U.S. Economy, Monetary Policy

July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke testifies about the U.S. economy and Fed policy before the Senate Banking Committee in Washington. Bernanke said progress in reducing unemployment is likely to be “frustratingly slow” and repeated the Fed is ready to take further action to boost the recovery, while refraining from discussing specific steps. (This is Bernanke's prepared statement. Source: Bloomberg)

"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
48:53 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)
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