Tuesday, November 20, 2012

Bernanke: Fiscal Cliff Fix May Bring ‘Very Good’ Year



From Bloomberg: Ben S. Bernanke, chairman of the U.S. Federal Reserve, spoke to the Economic Club of New York on Nov. 20, 2012. Bernanke said that an agreement on ways to reduce long-term federal budget deficits could remove an impediment to growth, while failure to avoid the so-called fiscal cliff would pose a "substantial threat" to the recovery.

“There’s important potential for the economy to strengthen significantly if there’s a greater level of security and confidence about where we’re going,” he said today to the Economic Club of New York. “A plan for resolving the nation’s longer-term budgetary issues without harming the recovery could help make the new year a very good one for the American economy….”

For more go to http://www.bloomberg.com/news/2012-11-20/bernanke-says-fiscal-cliff-fix-may-bring-very-good-year.html

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