• Most Popular
  • Most Shared

Cash to low income people could help economy-Bernanke

Thu Jan 17, 2008 11:46am EST

WASHINGTON, Jan 17 (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday that helping those with low and moderate income could stimulate the economy.

Bonds

"There is good evidence that cash that goes to low and moderate income people is more likely to be spent in the near term," Bernanke told the House of Representatives Budget Committee, in response to questions about whether increasing food subsidies for consumers should be part of a stimulus package.

"Food stamps and some of these other things are relatively small to the overall size of a package," he said, noting other components may be more effective.

(Reporting by Lisa Lambert, Editing by Chizu Nomiyama,)

Bonds


More from Reuters

Photo

Exclusive: U.S. business investment showing life

CHICAGO (Reuters) - A trade group for the lenders that finance half the capital equipment investment in the United States said on Tuesday the sharp pullback in business borrowing that marked the recent downturn moderated markedly in November -- an encouraging sign companies may be growing more confident in the sustainability of the recovery.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
Soldiers look on as U.S. Secretary of Defense Robert Gates speaks to soldiers at F.O.B. Warrior in Kirkuk, Iraq December 11, 2009. REUTERS/Justin Sullivan/Pool

Are you pregnant? Sir! No, Sir!

There are some 115,000 U.S. troops in Iraq -- and one commander wants to make sure his soldiers don't multiply.  Full Article 

Politics