News July 22 Federal Reserve Chairman Ben Bernanke told Congress Wednesday that even the weak U.S. economic recovery , the Fed has not yet planned new measures to stimulate the economy .

Bernanke said that if economic conditions worsen , the Fed will consider taking action .

Bernanke 's remarks before the Senate Finance Committee, the stock market fell . He made a speech before the Dow Jones Industrial Average rose 20 points , he testified during the Dow fell 160 points, then rebound , closing down 109 points . Investors switch to bonds hedge ; 10- year yields fell to 2.86% .

David , chief U.S. economist at Nomura Securities - Chrysler (David Resler) that " on suspicion of the Federal Reserve than to the U.S. economy concerns. investors want to hear twice as much as possible to avoid the economic bottom of the measures . "

Bernanke on the U.S. economy will stumble into a double-dip recession, the issue played down the economy . But he admits that the U.S. economic recovery remains fragile.

Bernanke told the legislature , "If the U.S. economic recovery stalled , we must look at our options . " But he said the U.S. economy continues to grow , there is no further action plans.

Bernanke said the record low interest rates still need to stimulate the economy. He reiterated the longer period of low interest rates to keep the commitment .

The beginning of economic recovery have appeared signs of improvement , but now lose momentum . Stagnation of economic growth concerns continue to add to the mood .

Consumers to reduce spending , business sales and economic recovery not sure , would rather sit on cash , but also reluctant to increase staff and expand their operations . Real estate market stagnated, double-digit unemployment rate , the debt crisis of the European Wall Street shook , and other factors play a major role in the economic downturn .

Senate Finance Committee Chairman , Connecticut Senator克里斯托德(Chris Dodd) , said , "In short , our economy now appears to need extra help . "

Alabama Senator Richard Shelby (Richard Shelby) is the highest-ranking Republican committee , he said the U.S. economic outlook has become clouded .

Bernanke said the Fed is prepared to take further action to sustain its economic recovery on track . He also said that the Fed policy makers have not yet identified the preferred options , but is exploring . Bernanke said the Fed program , including lowering bank reserve interest rates, emphasis on keeping interest rates low , restart the program during some of the economic crisis .

Bernanke tried to deliver a positive signal , despite numerous threats , the U.S. economic recovery to continue. At the same time , he wished to reassure Americans that , if necessary, the Fed will adopt a new economic stimulus plan .

Congress intended to provide a new economic stimulus package , Bernanke is facing continued pressure to keep the economic recovery increased .

Bernanke and Fed officials have lowered growth forecasts for this year .

Reversed if the economic recovery, serious signal that the Fed may resume buying mortgage bonds or Treasury securities to banks in Federal Reserve interest rate reserves and to repay the Federal Reserve rescue lending interest rates to zero . The Fed will also introduce new programs to increase loans to enterprises and consumers , attracting them to improve expenditure and economic growth.

Bernanke said that Wall Street shook Europe to the debt crisis , the Fed lowered growth prospects play an important role . He explained that despite the fall of 2008 financial crisis , financial market greatly changed , but the financial situation in recent months to support economic growth decreased .

Thus, Bernanke that the U.S. unemployment rate is expected to reduce the rate of slower than expected , the current unemployment rate of 9.5%. The Fed forecasts the end of this year, the unemployment rate will remain at a high level , about 9% .

Bernanke said the high rate of unemployment down the household expenses , even though he believes consumer and business spending enough to maintain the integrity of economic recovery .

Bernanke also said it would face a very important period , to restore the 2008 to 2009, lost 8.5 million jobs .

Bernanke said the housing market remains weak and housing vacant or foreclosure to the pressure on housing prices and housing construction .

He said that given the U.S. economic recovery is still weak , inflation is not the problem .

Bernanke said he did not deflation as the recent crisis in the U.S. economy . Deflation in commodity prices, stock value , the value of real estate and pay the general long-term decline . Although most economists believe that deflation is still a distant prospect , some Fed officials have to worry about.

Economists forecast , in order to strengthen the economy, Federal Reserve Bank will probably keep the benchmark lending rate close to zero interest rates, until 2011, or extended to 2012. This will help prevent deflationary trend .

Banks to maintain low interest rates means that credit cards, mortgage loans, adjustable-rate mortgages and other consumer loan interest rates will remain at the lowest level in decades .

However, the ultra-low lending rates did not boost the economy that much. Consumers and businesses remain cautious , did not show a strong economic recovery in the early stages of consumer desire

At the same time , Bernanke welcomed the launch of the new Financial Management Act Congress , the president has signed the approval on Wednesday . He believes that the new bill will give us a solid foundation of financial system and reduce the recurrence of the past three years, the risk of financial disaster .