Fed chairman pessimistic (Deseret Morning News)

Story date: 2008-02-14 11:23:29
Added on: 2008-02-15 00:00:14

Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy on Thursday and signaled that the Fed will cut interest rates further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.


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