Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


Bernanke: Drags on economy may last into next year

View previous topic View next topic Go down

Bernanke: Drags on economy may last into next year

Post by Guest on Wed Jun 22, 2011 9:36 pm

Federal Reserve downgrades growth forecast for the rest of 2011

Bernanke's comments came as the Fed lowered its forecast for growth and raised its expectation for unemployment this year. The weaker outlook and Bernanke's acknowledgment that some of the problems may persist into 2012 suggested that the Fed recognizes the economy is struggling.

"The Fed is well aware now that the economy has slowed," said Lyle Gramley, senior economic adviser with Potomac Research Group. "They are not at all sure where the economy is going."

The Fed's downward revisions were in line with private economists, who have also been scaling back their forecasts to reflect a batch of weaker-than-expected reports in recent weeks. The latest poll of top economists surveyed by The Associated Press showed they expect the unemployment rate will be 8.7 percent at year's end, within the Fed's new estimate, and that the economy will grow 2.6 percent this year.

http://www.msnbc.msn.com/id/43486654/ns/business-stocks_and_economy/t/bernanke-drags-economy-may-last-next-year/

Guest
Guest


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum