Chairman Bernanke says he expects economic activity to strengthen
Chairman of the Federal Reserve System Board of Governors Ben Bernanke testified at the Joint Economic Committee Hearing on “The Economic Outlook,” saying overall, the near-tern economic outlook has weakened relative to the projections released by the FOMC, and it now appears likely that GDP will not grow much if at all. We expect economic activity to strengthen in the second half of the year, he says, and growth is expected to proceed at its sustainable pace in 2009. (:46)
April 2, 2008
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