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OPINION

Bernanke: Economy slowing but faster growth ahead

Townhall Staff
Townhall Staff | Jun 13, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Bernanke: Economy slowing but faster growth ahead
WASHINGTON (AP) -- The economy has weakened in recent weeks, Federal Reserve Chairman Ben Bernanke noted Tuesday. But he stuck with a message he's delivered since April: The slowdown from high gas prices and Japan's crises is temporary, and growth should pick up later this year.
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Bernanke made no mention of any new steps the Fed might take to boost the economy. The Fed's $600 billion Treasury bond-buying program is ending this month. The program was intended to keep interest rates low to strengthen the economy. But critics said it raised the risk of high inflation.

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