Bush Faces Election Year Challenges Amid Terror Alert and Economy
President Bush begins a 10 month countdown to Election Day with Democrats challenging his job performance. The economy gains traction while job growth lags. Saddam Hussein removed from a dirt hole. Osama bin Laden remains at large. Medicare reform passes as debate on drug benefits unfolds. Mad cow disease sparks public fear and beef bans overseas. Bush enjoys high consumer confidence but faces code orange alert and a tough sell on Iraq and terrorism.
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Fed signals rates to stay low amid tame inflation and job gains
In San Diego Bernanke said the Fed can keep the federal funds rate near 1 percent for now as inflation remains subdued and the labor market heels. He noted the 2003 recovery turning a corner and optimism for stronger growth and lower unemployment in 2004.
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Washington
Federal Reserve
Fed
Federal Funds
Ben Bernanke
Board of Governors
San Diego
Bernan
Bernanke
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