(Reuters) - WASHINGTON, July 18 - Federal Reserve Chairman
Ben Bernanke told Congress on Wednesday housing market woes
could dampen an expected pickup in U.S. economic growth, but he
restated that the central bank's main worry is inflation.
"Overall, the U.S. economy appears likely to expand at a
moderate pace over the second half of 2007, with growth then
strengthening a bit in 2008 to a rate close to the economy's
underlying trend," he said in semiannual testimony to the House
of Representatives Financial Services Committee.
Read more at Reuters.com Bonds News
Ben Bernanke told Congress on Wednesday housing market woes
could dampen an expected pickup in U.S. economic growth, but he
restated that the central bank's main worry is inflation.
"Overall, the U.S. economy appears likely to expand at a
moderate pace over the second half of 2007, with growth then
strengthening a bit in 2008 to a rate close to the economy's
underlying trend," he said in semiannual testimony to the House
of Representatives Financial Services Committee.
Read more at Reuters.com Bonds News
No comments:
Post a Comment