Wednesday, March 28, 2007

Ben Bernanke Speaks...

Federal Reserve Chairman Ben Bernanke doesn't believe the nation will slip into a recession, rejecting the notion raised by predecessor Alan Greenspan that the economy's expansion could be in danger of fizzling out.

Bernanke said the growing troubles in the market for risky mortgages doesn't appear to be spreading to the overall economy. "At this juncture ... the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained," he said.

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