Bernanke Offers Mixed Economic Outlook For US

The Federal Reserve has cut its economic outlook for 2013 but says the unemployment rate is likely to fall faster than previously expected.  In a statement following a two-day meeting of central bank policy makers, Fed Chairman Ben Bernanke reassured financial markets, saying long-term interest rates would remain low for the foreseeable future.

Despite a strong pickup in manufacturing and a much-improved housing market,  the outlook for the US economy remains mixed.  The … [Read More]

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Source: VOA News: Economy and Finance


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