Bernanke: U.S. economy, it is difficult.

<P> Federal Reserve Chairman Ben Bernanke said on the 15th morning, the financial weakness, falling house prices, declining employment and rising commodity prices, the U.S. economy faces "numerous difficulties." .</ P> <P> Bernanke's pessimistic remarks came after the market had an immediate impact. .S & P 500 index opened 1.9% lower opening, marking the lowest since 2005. .A record $ 1.5975 against the U.S. dollar exchange rate 1 euro to a record low. .European stock markets also been implicated. .</ P> <P> the same time as investors worried about the U.S. economic problems will affect the international crude oil market demand, the significant downturn in international oil prices 15, the New York market, oil prices fell to $ 135.92 a barrel after the close at $ 138.74, .highest since Jan. 17, 1991 the biggest in dollar terms since the fall. .</ P> <P> Bernanke delivered on the 15th semi-annual monetary policy report, between the lines are not optimistic about the U.S. economic outlook said. .</ P> <P> as Bernanke warned of "high energy prices have been 'eroded' the purchasing power of American families", the New York Mercantile Exchange, crude oil futures price volatility followed, opening from Tuesday when the barrel of a .Article forty-five U.S. dollars fell to near one hundred forty-three U.S. dollars. .Bernanke acknowledged a weaker dollar really push up prices, but the extent is difficult to determine. .</ P> <P> with the report's package of economic data showed the U.S. economy does face challenges. .Slowdown in U.S. economic growth during the first half of this year, the unemployment rate rose to 5.5 percent, the inflation rate reached 3.5 percent. .Meanwhile, the real estate market fell 一手房 transactions, in particular, housing prices rose too fast a few years ago the area, housing prices plummeted. .</ P> <P> this, Bernanke said that economic growth depends on the good health of financial markets and help restore normal functioning of financial markets, the Fed will remain the top priority. .</ P> <P> ------------------------------------------- .-------------------------------------</ P> <P> Bush expressed confidence the economy will .to overcome the current challenges </ P> <P> in Bernanke's speech, U.S. President George W. Bush on the 15th called on the U.S. public should have confidence in the economic outlook. .He said that despite the many economic problems facing the American people "difficult period", but he was sure that the U.S. economy will be able to overcome the present challenges. .</ P> <P> said at a White House news conference, Bush acknowledged the American public is facing a "difficult period." .He called on the public confidence, I believe the U.S. economy will continue to grow, productivity will continue to increase, trade will increase. .Bush said, "we can on the U.S. economy, confidence in long-term basis, I am confident in overcoming these challenges, we become more robust." </ P> <P> past few days, the two major U.S. mortgage giants - .Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) encountered financial difficulties, as investors worried that the U.S. government announced the rescue last weekend of Fannie Mae and Freddie Mac significant measures to curb the United States .financial crisis, leading to global stock markets fell and the dollar depreciated emergency. .Bush at the press conference also urged Congress to act quickly on his proposal for the two financial institutions for assistance and problem solutions to be a positive response. .</ P> <P> At the same time, Fed Chairman Ben Bernanke said at a Congressional hearing that day, the U.S. economy still faces financial market turmoil, falling house prices and oil, soaring food prices, "multiple problems", which the Fed .financial policy-making have a "serious challenge." .Bernanke warned that the U.S. economic outlook remains extremely uncertain, the U.S. economy will continue to slow growth; Moreover, inflation can not be ignored. .</ P>.