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Bernanke Warns Recovery Near Faltering as Fed Peers at Action
Fed Chair Ben Bernanke told the Joint Economic Committee that the economic recovery is close to faltering and that the Fed is prepared to take further steps. He cited weak job growth as the main drag on consumer confidence and said unemployment must keep falling. Markets recovered after he indicated possible stimulus in coming months, with the Dow down about 64 points at midday after a sharper session.
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Washington, D.C
Federal Reserve
Ben Bernanke
Bernanke
Congressional Joint Economic Committee
Fed