BERNANKE sends DOW tumbling..............
Bernanke: Recovery 'unusually uncertain'
By Scott Spoerry and Chris IsidoreJuly 21, 2010: 2:24 PM ET
Washington (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the economic outlook remains "unusually uncertain."
In his prepared testimony for the Fed's semi-annual report to Congress, Bernanke offered the most extensive look yet at the Fed's plans for pulling money out of the system and raising short term rates, as the economy improves. But his outlook did not call for a quick recovery from the Great Recession.
THE DOW, after being in positive territory, slipped into negative waters, being down as much as 100 pts on the day.
By Scott Spoerry and Chris IsidoreJuly 21, 2010: 2:24 PM ET
Washington (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the economic outlook remains "unusually uncertain."
In his prepared testimony for the Fed's semi-annual report to Congress, Bernanke offered the most extensive look yet at the Fed's plans for pulling money out of the system and raising short term rates, as the economy improves. But his outlook did not call for a quick recovery from the Great Recession.
THE DOW, after being in positive territory, slipped into negative waters, being down as much as 100 pts on the day.
