Wednesday, April 2, 2008
Bernanke to Tell Lawmakers Economic Contraction Possible in First Half
Fed Chairman Bernanke plans to tell a congressional committee that the U.S. economy is unlikely to grow "much, if at, all, over the first half of the 2008 and could even contract slightly," but he anticipates strengthening in second half. He cautions, though, that uncertainty is "quite high" and "risks remain to the downside."
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