"I want to convey to the chairman the concerns that the American people have in meeting their day-to-day needs, and hope that we can find bipartisan initiative recognizing the independence of the Fed but with some coordination so we can have a fiscal stimulus with some monetary ease," she told reporters before the closed door meeting.
WASHINGTON (Reuters) - House of Representatives Speaker Nancy Pelosi on Monday said at a meeting with Federal Reserve Chairman Ben Bernanke that she hopes Congress and the central bank can coordinate a plan to boost the economy and head off a possible recession.
"I want to convey to the chairman the concerns that the American people have in meeting their day-to-day needs, and hope that we can find bipartisan initiative recognizing the independence of the Fed but with some coordination so we can have a fiscal stimulus with some monetary ease," she told reporters before the closed door meeting.
Falling home values, high oil prices and a decline in the stock market have raised concerns that the United States could slip into recession before the November general election.
Congressional leaders are looking into ways to stimulate economic growth and President George W. Bush may unveil a package later this month with he gives his annual State of the Union address to Congress.
!ADVERTISEMENT!(Reporting by Donna Smith and Thomas Ferraro, editing by Neil Stempleman)
