April 9, 2010

USA: US's aging population a concern: Fed

. NEW DELHI, India / The Times of India / International Business / April 9, 2010 NYT News Service Ben S Bernanke, the Federal Reserve chairman, warned on Wednesday that an aging American population posed fiscal challenges for the US. In a rare foray into the realm of fiscal policy, Bernanke said the US must begin now to prepare for this coming demographic transition. Ben S. Bernanke, the Federal Reserve chief, spoke to the Dallas Regional Chamber Wednesday. LM Otero/Associated Press Bernanke, speaking before the Dallas Regional Chamber, said that the economy was still fragile, and he made it clear that he did not expect the federal government to raise taxes or cut spending anytime soon. But he spoke about the budget pressures posed by Social Security and Medicare with greater urgency than he has in the past. [rc] Copyright © 2010 Bennett, Coleman & Co. Ltd.