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Key Passages From Bernanke’s Testimony
Federal Reserve Chairman Ben Bernanke highlights risks to the Fed’s economic outlook in his prepared testimony to Congress Wednesday. Here is a look at key passages in the testimony and what they signal: 1) WHAT HE SAID: “The risks remain that tight fiscal policy will restrain economic growth over the next few quarters by more than we currently expect, or that the debate concerning other fiscal policy issues, such as the status of the debt ceiling, will evolve in a way that could hamper the recovery. More generally, with the recovery still proceeding at only a moderate pace, the economy remains vulnerable to ... (full story)
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