Bush, Bernanke both back lift for economy
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A consensus that the struggling U.S. economy needs rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush urged a quick and temporary fiscal package.
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WHITE SULPHUR SPRINGS, W., Virginia  - President George W. Bush said on Friday he was confident in the long-term strength of the U.S. economy, but urged lawmakers to act swiftly on a stimulus plan he and others hope will help stave off a possible recession.
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The speed at which  the U.S. economy can grow without risking inflation has likely  dropped due to slower labor force growth, but the productivity  gains that help restrain inflation should stay strong, Federal  Reserve Chairman Ben Bernanke said on Thursday.
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COMPTON, California  - Economic worries dominated the presidential campaign on Thursday, with White House hopefuls on both coasts touting plans to ease the pain of a recession while President George W. Bush prepared to announce his own fiscal package.
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GREENVILLE, South Carolina  - The U.S. economy's   noninflationary speed limit has likely dropped due to slower   labor force growth, but productivity should stay strong,   Federal Reserve Chairman Ben Bernanke said on Thursday.
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The US economy is growing robustly, despite a slowing housing sector, although inflation remains above the central bank's comfort level, two top Federal Reserve officials said yesterday.
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President George W. Bush and leaders of the Democratic-led Congress vowed on Tuesday to move quickly to work out the details of a $150 billion stimulus package for the U.S. economy, as fears of a recession prompted a sell-off in global financial markets.
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Rising incomes should support the   U.S. economy even as the housing market slows and consumers   lose the boost they were getting from home equity, Federal   Reserve Chairman Ben Bernanke said in a letter released on   Wednesday.
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Although economists have mixed opinions whether the economy has emerged, most believe it is in good enough shape for the Fed to boost rates.
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Economic wise men, from Ben Bernanke to Robert Rubin, weighed in on the economy Thursday.
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President Bush says his economic plans will expand opportunities for small businesses and regular people, while challenger John Kerry's proposals will only expand the government.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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Stocks bounced back on Wednesday as Federal Reserve Chairman Ben Bernanke reassured investors that the economy was set to grow moderately, a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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President Bush and Federal Reserve chairman Ben S. Bernanke yesterday took small, but symbolic steps aimed at easing the spreading housing and foreclosure crisis, and calming jittery financial markets.
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Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy appears on sound footing with inflation easing, and expressed confidence the current level of interest rates will cut further into price pressures.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks.
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The U.S. economy is poised to expand  at a moderate rate and "uncomfortably high" core inflation  should slow, but inflation risks are "primarily to the upside,"  Federal Reserve Chairman Ben Bernanke said on Tuesday.