Bernanke could signal Fed’s next step in testimony

Published July 17, 2012 7:19am ET



WASHINGTON (AP) — Chairman Ben Bernanke could offer some clues about whether the Federal Reserve is poised to take another step to jolt the sluggish U.S. economy when he appears before Congress this week.

Bernanke will give his semiannual report to the Senate Banking Committee Tuesday and to the House Financial Services Committee Wednesday. His testimony comes as job growth has slumped, manufacturing has weakened and consumers have grown more cautious about spending.

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