"Federal Reserve Chairman Ben Bernanke admitted Tuesday that US economic data had been "disappointing" and that a future reduction in unemployment would likely prove "frustratingly slow." Dealing a blow to Barack Obama and others hopeful for an improvement in economic news ahead of November's presidential elections, Bernanke offered a gloomy assessment of the outlook for the world's top economy."
Mines Bernanke's judgement of the US economy as weak and slow despite growth.
Notes that Bernanke had predicted 1.9 to 2.4 % growth this quarter, but results show less than the 2% growth in the first quarter.
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Source is AFB via Google.
Mines Bernanke's judgement of the US economy as weak and slow despite growth.
Notes that Bernanke had predicted 1.9 to 2.4 % growth this quarter, but results show less than the 2% growth in the first quarter.
Interested? Click the article text or image above to follow the link.
Share this mini with your friends using the floating "Add It" bar to the left or tweet it below. Please support our advertisers as well.
Source is AFB via Google.
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