Jamesb101.com

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Chair of the Federal Reserve forcasts moderate growth thru 2010…..

Ben Bernanke predicted today that the United States economy would continue its slow growth, thru the middle of next year.….his statment was an attempt to help the US dollar in financial markets……but he also acknowledged that employer’s are waiting to rehire help, trying to get as much productivity out of current workers as possible……

One must always remember that although the Fed has helped in the recession…they are always more sensitive to inflation fears…and once the economy starts to really come back they will be raising interest rates which will cool off the housing market and also affect the auto industry…tes, they’ve got quite a balancing act to perform……

November 16, 2009 Posted by | Government, Media, Politics, The Economy | , , , , , | 7 Comments