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Fed Chairman Ben Bernanke: The recent pickup in the economy "reflects more than purely temporary...

Fed Chairman Ben Bernanke: The recent pickup in the economy "reflects more than purely temporary factors" and continued moderate growth is likely, though constrained lending and weak labor market are headwinds. Inflation expectations haven't responded to upward or downward pressures; lots of resource slack. Rates to remain low.
Comments (3)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Ben speaking at the ONLY place (well, other than any Goldman office) where his bs will be accepted with applause...The Economic Club of New York.

     

    Anywhere else would be pitch forks, torches and a Q&A session with legitimate substance.
    16 Nov 2009, 12:39 PM Reply Like
  • mrdirt
    , contributor
    Comments (521) | Send Message
     
    Behind all the BS (short for Bernakces Speech) Companies will continue to be cost cutting mode in fear of a double dip recession or worse. Unemployment will remain high for some time. But now for the good news I still have a job and you dont.

     

    16 Nov 2009, 12:52 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Oh Ben, he's always right right?
    16 Nov 2009, 12:54 PM Reply Like
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