The Fed's Monetary Report to Congress: "(The FOMC) made clear at its June meeting that it is...

|By:, SA News Editor

The Fed's Monetary Report to Congress: "(The FOMC) made clear at its June meeting that it is prepared to take further action as appropriate." Bernanke warns Congress about the "fiscal cliff," saying the best thing lawmakers could do right now is to get religion about fiscal sustainability, but not just yet. (Watch live here)