Federal Reserve Board Chairman Ben S. Bernanke, citing a 'weak' outlook for the U.S. economy into next year, differed with the White House and endorsed consideration of a fiscal stimulus package.
Lawmakers "should consider including measures to help improve access to credit by consumers, homebuyers, businesses and other borrowers," Bernanke said in prepared testimony to the House Budget Committee. "Such actions might be particularly effective at promoting economic growth and job creation," he said, calling consideration of a stimulus "appropriate."
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