(Reuters) - WASHINGTON, July 18 - Federal Reserve Chairman
Ben Bernanke told Congress on Wednesday the U.S. economy will
grow gradually this year and gain steam in 2008, but warned
there are many risks to the outlook and stressed the U.S.
central bank is on guard against inflation.
"Overall, the U.S. economy appears likely to expand at a
moderate pace over the second half of 2007, with growth then
strengthening a bit in 2008 to a rate close to the economy's
underlying trend," he said in semiannual testimony prepared for
delivery to the House of Representatives Financial Services
Committee.
Read more at Reuters.com Economic News
Ben Bernanke told Congress on Wednesday the U.S. economy will
grow gradually this year and gain steam in 2008, but warned
there are many risks to the outlook and stressed the U.S.
central bank is on guard against inflation.
"Overall, the U.S. economy appears likely to expand at a
moderate pace over the second half of 2007, with growth then
strengthening a bit in 2008 to a rate close to the economy's
underlying trend," he said in semiannual testimony prepared for
delivery to the House of Representatives Financial Services
Committee.
Read more at Reuters.com Economic News
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