Testimony of Fed Chairman Ben Bernanke

The Economic OutlookBefore the Joint Economic Committee, U.S. CongressMarch 28, 2007

Chairman [Charles] Schumer (D-N.Y.), Vice Chairman [Carolyn] Maloney (D-N.Y.), Representative [Jim] Saxton (R-N.J.), and other members of the Committee, thank you for inviting me here this morning to present an update on the outlook for the U.S. economy. I will begin with a discussion of real economic activity and then turn to inflation.

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