Bernanke Says The Economy Remains Vulnerable

The jobs picture is disappointing but the economic recovery is moving at a "modest pace," Federal Reserve Chairman Ben Bernanke said this morning after the government revised downward its figures for growth of U.S. goods and services in the second quarter. But the second-quarter revision of gross domestic product to 1.6 percent from 2.4 percent is not quite as bad as economists expected. Bernanke, speaking at the Kansas City Federal Reserve Symposium in Jackson Hole, Wyoming, acknowledged "the...Full Story
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