Bernanke Cuts Growth Outlook

In a press conference following today’s FOMC statement, Federal Reserve Chairman Ben Bernanke said it appears that US economic growth will be less than previously forecast. Bernanke said that for the current year, he expected growth to be between 3.1 percent and 3.3 percent compared to 3.4 to 3.9 percent as noted earlier. Bernanke also hinted that the Fed would not conduct further quantitative easing once the current round of stimulus spending wraps up in June.

Source:

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.