Tuesday, October 7, 2008

Saying Outlook Has Worsened, Bernanke Hints at Cut

Federal Reserve Chairman Ben S. Bernanke spoke at the National Association for Business Economics in Washington on Tuesday.

“Over all, the combination of the incoming data and recent financial developments suggests that the outlook for economic growth has worsened and that the downside risks to growth have increased,” Mr. Bernanke told members of the National Association for Business Economics.

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