Bernanke backs fiscal stimulus if quick
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The chairman of the U.S. Federal Reserve on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession, but warned such a plan could do more harm than good unless put together quickly.
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Wall Street sent Washington a message: the recession that Ben S. Bernanke said can be averted is already here.
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Federal Reserve Chairman Ben Bernanke offered a mostly upbeat assessment of the economy Wednesday, citing improvements in inflation and housing in comments suggesting the Fed will leave interest rates alone for a while.
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Federal Reserve Chairman Ben  Bernanke said on Thursday the central bank will act as needed  to help the struggling U.S. economy, but said the Fed has to be  mindful that growth should pick up later in the year.
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Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank was ready to act aggressively to counter a deep housing slump and credit market strains that were putting economic growth at risk.
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Federal Reserve Chairman Ben Bernanke told Congress today that lawmakers should enact a fiscal stimulus package to help beleaguered consumers as recession fears grow. Economists and politicians are increasingly worried about fallout from the subprime mortgage meltdown.
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Treasury Secretary Henry Paulson on Friday said that there was an urgent need for a fiscal stimulus program to give the slowing economy a boost but said it was not in danger of stalling.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession -- but warned such a plan could do more harm than good unless put together quickly.
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GREENVILLE, South Carolina  - The U.S. economy's   noninflationary speed limit has likely dropped due to slower   labor force growth, but productivity should stay strong,   Federal Reserve Chairman Ben Bernanke said on Thursday.
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Despite remarkably quick passage, the economic aid plan and its cash rebates may come too late to prevent a recession this year. For many experts, however, the $168 billion boost to the lagging economy may mean the difference between a short downturn and something much more serious.
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Rising incomes should support the  U.S. economy even as the housing market slows and consumers  lose the boost they were getting from home equity, Federal  Reserve Chairman Ben Bernanke said in a letter released on  Wednesday.
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Ben Bernanke on Tuesday fueled expectations of a vigorous bounce-back in US growth in the second quarter following very weak first quarter growth.
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WASHINGTON - The Federal Reserve raised its target for short-term interest rates Wednesday, comfortable that the economy has passed late spring&#39;s &quot;soft patch.
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Stocks rose on Wednesday as Federal Reserve Chairman Ben Bernanke's comments that the economy was poised to grow moderately reassured investors, a day after the Dow's worst slide since the September 11 attacks.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft an economic stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks.
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A consensus that the struggling U.S. economy needs rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush urged a quick and temporary fiscal package.
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Bernanke's testimony bolsters support for quick action from Republicans and Democrats.