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Old 12-16-2009, 08:36 PM   #32
Avalon Senior Member
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: GOOD NEWS??? Bernanke says recession 'very likely over' LOL

Originally Posted by marcusaurelius13 View Post
LOL Oh boy you missed it. Oprah did a "White House Christmas Special" That wasn't even the worst of what he said, the whole show was... It do you say it....artificial vomit.
Thanks marcusaurelius13,

I didn't realize that statement was made on Oprah, she didn't look very impressed!!!


Fed holds rates at record low to fuel recovery

By JEANNINE AVERSA, AP Economics Writer – 4 mins ago

EXCERPT: Super-low interest rates are good for borrowers who can get a loan...

WASHINGTON – The Federal Reserve pledged Wednesday to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery.

The Fed noted that the economy is growing, however slowly. And turning more upbeat, it pointed to a slowing pace of layoffs.

Still, Fed Chairman Ben Bernanke and his colleagues gave no signal that they're considering raising rates anytime soon. They noted that consumer spending remains sluggish, the job market weak, wage growth slight and credit tight. Companies are still wary of hiring, they said.

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