This is an interesting hearing on the state of the economy. Go to the address shown below. You will be able to see/hear the full testimony on webcast.
http://www.house.gov/apps/list/hearing/financialsvcs_dem/ht022608.shtml
Washington, DC – Rep. Barney Frank (D-MA), chairman of the House Committee on Financial Services today announced that the committee will hold two days of hearings to examine the conduct of monetary policy and the state of the U.S. economy. A panel of economists will address these issues during the first day of hearings. The second day of hearings will be dedicated to the semi-annual testimony of Federal Reserve Chairman Ben Bernanke.
On February 20, 2008, the Federal Reserve joined other forecasters in predicting slower economic growth, higher unemployment, and an elevated rate of inflation for the U.S. economy. In light of these forecasts, the hearings will focus on the appropriateness of monetary policy over the past six months and consider what further actions might be taken.
Witness List & Prepared Testimony:
Alice Rivlin, Senior Fellow, Brookings Institution
Mark Zandi, Chief Economist, Moody’s Economy.com
Nouriel Roubini, Professor, NYU, and Chairman, RGE Monitor
Carmen Reinhart, Professor, University of Maryland
John Taylor, Professor, Stanford University
George Dagnino, PhD
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