Bernanke: housing slowdown to reduce GDP growth
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Federal Reserve Chairman Ben  Bernanke on Wednesday estimated that the decline in housing  construction could reduce gross domestic product growth later  this year by a percentage point.
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The US home loan crisis will cause just a modest slowdown of the American economy and have a limited impact on the rest of the world, the International Monetary Fund&#39;s chief economist said Wednesday.
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Federal Reserve Chairman Ben Bernanke said on Thursday the central bank will act as needed to help the struggling U.S. economy, but said the Fed has to be mindful that growth should pick up later in the year.
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A slowdown could keep  the U.S. economy from growing at a sustainable pace into  sometime next year, San Francisco Federal Reserve President  Janet Yellen said on Tuesday.
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The chairman, Ben Bernanke, told Congress today that the economy will grow gradually but warned of risks to the outlook and the need to guard against inflation.
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House Speaker Nancy Pelosi and Fed chief Ben Bernanke met Monday to discuss how Congress might act to stimulate the slowing economy
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EMERYVILLE, California  - A slowdown could keep   the U.S. economy from growing at a sustainable pace into   sometime next year, San Francisco Federal Reserve President   Janet Yellen said on Tuesday.
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The U.S. economy could see growth  decline further in 2008, depending on the full impact of the  U.S. housing sector slowdown, the top executive of railroad  Burlington Northern Santa Fe Corp  said on Tuesday.
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Federal Reserve Board Governor  Randall Kroszner said on Wednesday the U.S. central bank must  consider the lags with which interest rate changes affect the  economy, saying it looked set to slow.
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NEW YORK, June 5 -- Wall Street skidded lower Tuesday after comments from Federal Reserve Chairman Ben S. Bernanke and a strong reading on the service sector suggested that the central bank has little reason to lower interest rates.
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Ben S. Bernanke said he expected âmoderateâ growth, but that problems in the housing market had tempered the forecast.
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The Organization for Economic Cooperation and Development said a slowdown in the U.S. housing market will limit economic expansion.
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WASHINGTON - The two-year US housing recession deepened in September while inflation remained in check, buttressing Federal Reserve chairman Ben S. Bernanke's focus on real estate as the major threat to growth.
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Lower oil prices and a U.S. commercial property boom will help offset the serious problem of a cooling housing market, Dallas Federal Reserve President Richard Fisher said in an interview published on Tuesday.
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A downward spiral of falling house prices and reduced mortgage lending threatens the economy, an economist warns.
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Federal Reserve chairman Ben Bernanke said in a speech Thursday that the central bank is prepared to continue lowering interest rates in order to help keep the economy on track.
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The economy is set to grow at a  sluggish pace in coming months but there are risks that  elevated levels of inflation excluding food and energy may not  recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.