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Bernanke Eyes Recovery Amid Unemployment Drag
Federal Reserve Chair Ben Bernanke told Congress the U.S. economy should begin to recover later this year but unemployment may rise into next year and hinder confidence. He defended his stance on Bank of America’s Merrill Lynch deal and expressed optimism about stress tests.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Ben Bernanke
Joint Economic Committee of Congress
Fed
Bank of America
Ken Lewis
Merrill Lynch
Bernanke
Lewis
Treasury
Henry Paulson
Merrill, Lynch