Ben Bernanke's latest comments are at the top of NPR's business news.
Stock and bond markets reacted positively to the Federal Reserve chairman's latest remarks on the economy this morning. Ben Bernanke is on Capitol Hill delivering the Fed's twice-yearly update on the economy and Fed policy before the House Financial Services Committee. NPR's John Ydstie joins us now to talk about it. And John, what was it that Bernanke said that impressed the market?
And support is growing in Congress for a bill that to allow military prosecutors to decide whether or not to try serious military crimes, including sexual assault. That would take the decision out of the hands of commanders, commanders who are in a position of overseeing the careers of both the victims and the accused. NPR's Ailsa Chang reports that two Republican senators and possible presidential hopefuls in 2016 are joining forces with Democratic Senator Kirsten Gillibrand.
Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.