The Hill News

Federal Reserve Chairman Ben Bernanke delivered the following remarks on Monday at the Annual Meeting of the Rhode Island Public Expenditure Council, Providence, Rhode Island:

The recent deep recession and the subsequent slow recovery have created severe budgetary pressures not only for many households and businesses, but for governments as well. Indeed, in the United States, governments at all levels are grappling not only with the near-term effects of economic weakness, but also with the longer-run pressures that will be generated by the need to provide health care and retirement security to an aging population.

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