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Bernanke Offers Mixed Economic Outlook For USi
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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.