US Local News

News Update: Bernanke says U.S. still far from full recovery

The U.S. has “”a considerable way to go”” before it attains a full economic recovery, Federal Reserve Chairman Ben Bernanke said today. Meanwhile, cuts in state and local programs and employment are weighing on economic activity, and state finances will remain under pressure for some time, added the Fed chairman, who was speaking to a conference of Southern state legislators. On a positive note, Bernanke added that, going forward, rising demand from households and businesses should help sustain growth. ”

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