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News Link • Economy - Economics USA

Bernanke tells Congress to cut out the brinkmanship over budget

• Washington Post

Amid a gloomy outlook for economic growth, Bernanke warned that the recovery is “close to faltering,” and he said the central bank has marked down its forecasts since they were last released publicly in June.

The Fed decided two weeks ago to shift the kind of Treasury bonds it buys from short-term instruments to long-term debt in a bid to lower longer-term interest rates and encourage economic growth. 

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