On Wednesday, Ben Bernanke the Federal Reserve Chairman stated that the biggest problems America is facing are loss of jobs and the failing housing market.

Although America has seen the worst recession in its most recent history, it seems like the country is starting to level herself out very slowly. So far the housing market shows no improvement with foreclosures everyday. On the job market, layoffs may have slowed but employers are cautiously hiring with what employers that are left.

In February Mr. Bernanke and the Feds will decide if the rates need to go up. It is expected to keep the rates down for now to help boost our economy. For now you have to factor in recovery time and inflation. If you move too fast it could hurt our recovery time. If you go too slow, inflation could increase.

Mr. Bernake warns the government to start bringing down the budget deficit and start fixing our health care system. There will be major challenges ahead that America will be facing on her way to healing.

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