Bernanke worried about recession, U.S. stocks followed the "Depression" or percentage point.

<P>: Http://finance. Hearing, Federal Reserve Chairman Ben Bernanke on Wednesday (28) went to Congress Joint Economic Committee hearing that the uncertain U.S. economic outlook has increased in recent weeks. .Affected by this, coupled with earlier announced by the U.S. durable goods orders in February as expected, on Wednesday morning Buzhidaode U.S. stocks, the Dow dropped over a hundred points. .</ P> <P> Bernanke said the housing market recently because of the uncertainty of future issues and expansion of subprime mortgage. .But he also pointed out that the subprime mortgage impact on the economy and financial markets is limited. .He pointed out that half of U.S. economic growth this year expected to be about 2%. .In addition, he also said the Fed's main policy priorities are still concerned about inflation. .In addition, the Iranian situation is tight so that the oil market into chaos to bring pressure for the stock market. .</ P> <P> FOMC did not change the tendency of inflation uncomfortably high </ P> <P> Fed Chairman Ben Bernanke said on Wednesday at the hearing, the Federal Open Market Committee (FOMC) meeting last week, .did not change the policy to control inflation tendencies. .After the meeting last week, many analysts believe that FOMC by the deletion of "further tightening of credit," the wording, moved to the neutral position. .</ P> <P> but Bernanke said Wednesday that the Committee considers that the risk of rising inflation. .If economic growth is weakening and inflation risks strengthening the same, the Commission may take a neutral stance. .Bernanke said that weakening economic growth and strengthening inflation, the risks are on the rise. .The FOMC statement is intended to give a little more flexibility. .</ P> <P> Bernanke said that despite the weakening housing market crunch and manufacturing, making the risk increased, but this year the U.S. economy may still be moderate growth, inflation will gradually slow down. .</ P> <P> the Congressional Joint Economic Committee in a prepared speech in the hearing, Bernanke was released after its policy meeting last week, made the statement added. .He said that so far most of the housing market and weakness in the manufacturing sector, does not appear to significantly affect other aspects of the economy. .In general, the next few quarters, the economy is likely to continue a moderate expansion. .A major risk is: Core inflation remains uncomfortably high. .But he said the core inflation seems likely over time, a mild slowdown. .</ P> <P> points the Dow fell over a hundred dollars go down the yen rose </ P> <P> Bernanke's remarks make the Dow Jones Industrial Average to a three-digit decline in the level of immediate expansion. .Prior to the hearing in Bernanke, the U.S. announced in February durable goods orders weak, and the Middle East tensions push up oil prices, coupled with the U.S. subprime mortgage market further into trouble, the U.S. stock market first dropped. .Dow Jones Industrial Average fell over 130 points intraday, after a decline of nearly 140 points. .Nasdaq index fell 21.53 points, or 0.88% to 2415.90. .</ P> <P> In addition, the yen rose against the dollar to more than one-week high. .Iran fears the U.S. housing market, investors reduce their holdings to invest in low risk Japanese yen assets, supporting the yen rise. .Plus durable goods orders rose less than expected, the dollar extended losses. .Concerns about rising tensions in the Middle East, crude oil and thus prices, also helped support the yen higher. .Analysts said that concern the U.S. economy, the dollar could fall further. .Japan at the end of the fiscal year in 3 enterprises to repatriate funds, also helped support the yen rise. .</ P> <P> New York trading, the dollar was reported 116.87 yen on Tuesday (27) late to 117.82. .Earlier dropped to 116.36, the highest since March 19 lows. .Reported $ 1.3334 the euro, 1.3348 late Tuesday. .</ P> <P> </ P>.