WASHINGTON (Reuters) - European debt crisis. U.S. employment crisis. Corporate profits may have trouble. Global financial market turmoil. No one seems ready to ride to the rescue.
Bluntly, the U.S. Federal Reserve Chairman Ben Bernanke warned the U.S. Congress in the United States has felt for some time on Tuesday: "is close to faltering," such as its economic recovery,
Central bank governors to speak one day, when the stock market spent most of the time trading in a bear market territory - its recent high in April, down 20%. A late rebound to help the market closed.
Bernanke seems to capture members of Congress to exchange more and more people, no one wants in any meaningful way to help the global economy very quickly. In an unusual candid conditions, he also captured the national mood sour economy.
Wall Street, the Fed chairman asked about the protests around, among which 18 demonstrators complained of corporate greed and economic frustration.
Bernanke replied: "I think people's economic situation and very dissatisfied with what happened, they accused some reason, we fall into this mess in the financial sector's problems, they should feel dissatisfied with the policy in Washington, and to a certain extent, I can not blame them. "
"Of course, 9% unemployment rate and very slow growth, is not a very good situation," he added. "This is why they are protesting."
Whole day, traders and U.S. policymakers to keep an eye Europe, the debt crisis has dragged on for more than a year. Investors worried that the Greek messy default behavior may hurt European banks and their U.S. counterparts.
On Tuesday, Greek Finance Minister said, the state has enough money to pay pensions, wages and bondholders by mid-next month - is good news. Bernanke told Congress there was little that the Fed might of Europe.
"Unfortunately, we have here is an innocent bystander," he said. "I am convinced they understand the risks."
Bernanke said he believes the Fed's latest move to help the economy would be "meaningful, rather than a huge support" the economy. The program is called Operation Twist, is designed to reduce long-term interest rates, so that individuals and businesses will spend more money.
"A little bit, it should help create jobs and economic growth," Greenspan told Congress. "This is particularly important now is to close the economic recovery is faltering."
"We need to ensure a sustained recovery, and did not fall, unemployment continues to fall," he added.
The Fed has used its tools to help the economy. It is said that this summer, it is expected to maintain low interest rates in 2013. Congress tends to reduce rather than increase, spending. European boycott of the bold steps to save its most troubled economy. And fears are rising, the economic recession is to win in Europe, and eventually spread around the edge of the world.
Standard & Poor's, a former chief economist David Wyss said, "We have taken interest rates down to zero ... ... The conference does not seem to be able to do anything." "So many good things happen."
Investors seem to think so. European stocks sank on fears of early Tuesday, before rising later in the morning, Bernanke suggested the Fed may do more to help.


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