US Central Bank Lowers Growth Forecast But Says Economy Rebounding

June 18, 2014 07:56 PM
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The U.S. central bank says economic growth is rebounding after stalling in the first few months of the year. But as expected, the U.S. Federal Reserve lowered its growth forecast for 2014 from three percent to only slightly more than two percent. Despite the weaker outlook, Fed Chair Janet Yellen expressed confidence in the U.S. recovery. VOA's Mil Arcega has more.