Monday, February 23, 2009
Bernanke Testimony Live On Paltalk
One of the most closely watched events in Washington Tuesday will be Federal Reserve Chairman Ben Bernanke's semi-annual appearance before the Senate Banking Committee. His comments about the state of the U.S. economy will be carried live on a special edition of News Talk Online on Paltalk.com starting at 10 AM New York time.
The markets will be watching and listening closely as Bernanke is expected to calm fears about the effects of the economic downturn with words of reassurance. He's expected to predict a return to growth in the economy next year. But that doesn't necessarily translate into an anticipation that there will be many new jobs.
The issue of nationalization of the nation's banks may also come up during his testimony. Last week, committee chairman Chris Dodd (D-CT) suggested a short-term nationalization of banks, something the Obama administration opposes.
Bernanke will be questioned about how the Fed is addressing the issue of a credit-starved economy and what it is doing to make it possible for financial institutions to start lending money again.
To watch the Bernanke testimony before the Senate Banking Committee on News Talk Online on Paltalk.com at 10 AM New York time Tuesday February 24 CLICK HERE.
Paltalk is the largest multimedia interactive program on the Internet with more than 4 million unique users.
News Talk Online is also syndicated by CRN Digital Talk Radio to an additional 12 million households.