Will you take a hit from the sequester?
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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.