U.S. Economy

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Bernanke Sees ‘Formidable Headwinds’ for U.S. Economy (Update3)

Bloomberg - Mon Dec 7, 4:00 pm ET

Dec. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. economy faces “formidable headwinds,” including a weak labor market and tight credit that are likely to produce a “moderate” pace of expansion.

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