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Lawmakers Call for Fed Action After May Jobs Report

Washington, DC
Thursday, June 7, 2012

Federal Reserve Chair Ben Bernanke told Congress that the economy continues growing at a moderate pace, but that lawmakers should tackle the country's debt and fiscal problems to avoid another possible recession. Mr. Bernanke’s testimony to the Joint Economic Committee follows the release of job number for May,which showed the unemployment rate increased to 8.2%, and that May had the fewest number of jobs added for this year.

The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and analyze the effectiveness of economic policy.

Updated: Thursday, June 7, 2012 at 4:05pm (ET)

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