economy overall. don t even get us started on europe or the tax cuts set to expire and spending cuts due to kick in a few short months from now watching it all is fed chairman ben bernanke who is trying to explain to congress live pictures right now what if anything he plans to do about it without saying too much. felicia taylor is watching from the new york city. felicia, what have we heard and learned so far? reporter: it s a careful dance because obviously the federal reserve chairman can t come out right and say anything ahead of the federal reserve meeting which takes place at the end of june, june 19th and 20th. so it s interesting that the expectation was that the stock market would actually rally in yesterday s session on the fact they were expecting to hear something. what he s been doing though is basically sort of admitting there has been slower than desirable growth in the marketplace and there could be room and the fed has left the door open for further sti