The Economy is Slowing Says Ben Bernanke
By Randy Davidson on November 28th, 2006
Inflation or a worse-than-expected housing slump could slow the economy even more said Federal Reserve Chairman Ben Bernanke today. Bernanke says the slow down has been expected and that this should ease inflation. “A failure of inflation to moderate as expected would be especially troublesome,” he said. (See more from Forbes.)
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One Response to “The Economy is Slowing Says Ben Bernanke”
By Dr Joe on Nov 28, 2006 | Reply
His use of the words “uncomfortably high” to describe inflation are disconcerting. The Fed has overtightened, and look for things to be slow for the first half of 2007.