Will you take a hit from the sequester?

Federal Reserve Bank Chairman Ben Bernanke testifies before the Senate Banking Committee on February 26, 2013 in Washington, DC.

Federal Reserve Chairman Ben Bernanke is back on Capitol Hill today to field another round of questions from lawmakers. Yesterday, he warned members of the Senate Banking Committee that the sequester's spending cuts, which kick in on Friday, will harm the already fragile economic recovery.

Juli Niemann, analyst with Smith Moore and Company, joins Marketplace Morning Report host Jeremy Hobson to break down how the cuts could trickle out into the consumer economy.

About the author

Juli Niemann is executive vice-president for research and portfolio management with Smith, Moore and Company.


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