Bernanke: Economic growth to be frustratingly slow

(By MARTIN CRUTSINGER, AP Economics Writer) Federal Reserve Chairman Ben Bernanke on Wednesday acknowledged that the pace of economic growth is likely to be “frustratingly slow,” after the Fed downgraded its forecast for the next two years. Bernanke said the central bank is open to purchasing more mortgage-backed securities to boost the struggling housing market, if conditions worsen. But he declined to offer details about what would trigger such a decision.

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Bernanke: Economic growth to be frustratingly slow

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Posted by Charlotte Observer on Nov 2 2011. Filed under Business, News, Uncategorized. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.