Economy

Bernanke Offers Mixed Economic Outlook For USi
X
March 21, 2013 1:47 AM
The Federal Reserve has cut its economic outlook for 2013 but says the unemployment rate is likely to fall faster than previously expected. In a statement following a two-day meeting of central bank policy makers, Fed Chairman Ben Bernanke reassured financial markets, saying long-term interest rates would remain low for the foreseeable future. Mil Arcega reports.

Bernanke Offers Mixed Economic Outlook For US

Published March 20, 2013

The Federal Reserve has cut its economic outlook for 2013 but says the unemployment rate is likely to fall faster than previously expected. In a statement following a two-day meeting of central bank policy makers, Fed Chairman Ben Bernanke reassured financial markets, saying long-term interest rates would remain low for the foreseeable future. Mil Arcega reports.


You May Like

Changing Under Pressure, IS ‘Potent’ as Ever

US intel officials describe Ramadi's fall as concerning, but say it isn't emblematic of larger effort to degrade IS capabilities More

Nigeria Fuel Shortage Shows Fragility of Africa’s Oil Giant

Although it is the largest oil producer in Africa, country has nearly ran out of fuel it needs to power its generators, cars and airplanes over the past week More

Arrested Football Officials Come Mainly From the Americas

US Justice Department alleges defendants participated in 24-year scheme to enrich themselves through corruption of international soccer More