Las Vegas Sun

April 25, 2024

Summary: Fed Chairman Sees Slow Growth

SLOW GOING: Federal Reserve Chairman Ben Bernanke said Thursday that economic growth will slow noticeably in coming months and oil costs will increase inflation pressures.

DIFFICULTIES: Testifying before the Joint Economic Committee, he acknowledged a host of problems.

NOT THE WORST: But he said the economy is nowhere close to the stagflation nightmare of the 1970s and predicted an economic rebound by mid-2008.

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