Feb 27, 2008
Fed Chief Signals Another Rate Cut
By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal Wednesday that interest rates will again be lowered to steady the teetering economy.
"The economic situation has become distinctly less favorable" since the summer, the Fed chief told the House Financial Services Committee.
http://hosted.ap.org/dynamic/stories/B/BERNANKE_CONGRESS?SITE=IACED&SECTION=HOME&TEMPLATE=DEFAULT
Wednesday, February 27, 2008
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