The Federal Reserve Bank Chairman Ben Bernanke signaled in his semi-annual testimony before the Senates that the American labor market's depression continue to weigh on economic progress, while Bernanke saw economic growth pace this year has been quite modest despite the economic slowdown witnessed across the country's activities lately.

Bernanke on the other hand reassured markets that the pace of recovery shall be picking up in the upcoming quarters, where the country will hopefully witness advanced growth rates, as the Fed expressed its fully readiness to run further stimulus, while Bernanke saw late inflation hike to be temporary.

Furthermore Bernanke saw household confidence along with spending levels would probably climb in the mid-term and the causes of the recent economic slowdown are more likely to be transitory, thereby the Feds warrant the economy interest rate shall remain unchanged at a record low between 0.00% and 0.25% for an extend period and the Feds could loosen its current monetary policy further by purchasing more securities.