Bernanke sharply warns Congress economy is 'close to faltering' - Los Angeles Times

Bernanke sharply warns Congress economy is 'close to faltering' - Los Angeles Times: In two hours before Congress' Joint Economic Committee, Bernanke painted a gloomy picture of the economy, describing it as "close to faltering." He predicted there would be no quick pickup in new jobs and again urged lawmakers to come up with a credible plan to deal with federal deficits.

His frustrations emerged more sharply and vividly than in the past. He empathized with anti-Wall Street protesters who, in marches in New York, Los Angeles, Chicago and elsewhere, have been blaming big financial institutions, including the Fed, for the economy's woes.