US economy faces new headwinds

Ben Bernanke, the US central bank chief, paints stark outlook on the state of the US economy.

As the financial crisis continues to send shockwaves throughout the world, Al Jazeera looks at how the fragile US economy has been affected and what is being done to tackle it.

Some politicians say that the economy is not growing fast enough, or adding enough.

Ben Bernanke, the chairman of the US Federal Reserve, says deep spending cuts are not the way to go.

He has urged congress against implementing spending cuts that could cause more financial turmoil, saying the country’s economic recovery is “close to faltering”.

Al Jazeera’s Patty Culhane reports from Washington.

Source : Al Jazeera

More from Economy
Most Read