Signals that the government’s not finished with its bailout plans — this time downstream stimulus. In testimony today before the House Budget Committee on Economic Recovery: Options and Challenges, Fed Chairman Ben Bernanke noted what direction Congress should take if it plans a fiscal stimulus package:
If the Congress proceeds with a fiscal package, it should consider including measures to help improve access to credit by consumers, homebuyers, businesses, and other borrowers. Such actions might be particularly effective at promoting economic growth and job creation.
The hearing with other witnesses is available live at http://budget.house.gov/schedule.shtml