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Fed Chairman Bernanke Bearish On Economy in H1 2008

Discussion in 'Fundamental Analysis' started by ActionForex.com, Apr 2, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    In his testimony to the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke sounded bearish on the economy in the first half of 2008, noting that growth may "contract slightly" as prospects abroad have "diminished somewhat" while domestic homebuilding activity would continue to drop in "coming quarters." Boding ill for...

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