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

Could Nemtsov Threaten Putin in Death as in Life?

Dynamic and debonair opposition leader had supported liberal economic reforms, criticized Russian president's aggression in Ukraine More

Oil Smuggling Highlights Challenges in Shutting Down IS Finances

Pentagon spokesman says Islamic State 'certainly continues to get revenue from the oil industry black market' but that airstrikes have made a dent More

India Focuses on Infrastructure, Investment to Propel Economy

Government expects economy to grow at 8 to 8.5 percent in next fiscal year More