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….”
No comments:
Post a Comment