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4. juni 2009

JUNE 4, 2009: Bernanke Urges Deficit Reduction, Sees Growth This Year


 

By JON HILSENRATH and BRIAN BLACKSTONE

http://online.wsj.com/article/SB124403584900281215.html#mod=djemITPE

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                                                                                        Associated Press

“Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill Wednesday.

Federal Reserve Chairman Ben Bernanke warned Congress and the White House that the U.S. economy will suffer if they don’t move soon to rein in the federal budget deficit, which the Fed chief blamed for helping to push long-term interest rates higher.

Mr. Bernanke, who offered an important voice of support earlier this year to the Obama administration’s $787 billion fiscal stimulus plan, told Congress Wednesday, “Even as we take steps to address the recession and threats to financial stability, maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance.” (Read the full remarks.)…”

Sonia

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