Washington - Chairman of the Federal Reserve Ben Bernanke says all the talk and no action on the fiscal cliff is scaring investors and employers.
“It's already affecting business investment and hiring decisions by creating uncertainty, or creating pessimism,” Bernanke said.
That announcement came at a news conference Wednesday.
As a result of this, Bernanke says the Federal Reserve will continue its economic stimulus programs.
The programs will reportedly continue until the unemployment rate falls back to 6.5 percent.
Right now, it's at 7.7 percent.