Bernanke Cautious on Economic Growth as Oil Prices Rise
Investing News Network - March 1st, 2011
NY Times reports that on Tuesday, Ben S. Bernanke expressed confidence that the U.S. economy would continue to grow in 2011 despite growing oil prices and a weak housing market.
NY Times reports that on Tuesday, Ben S. Bernanke expressed confidence that the U.S. economy would continue to grow in 2011 despite growing oil prices and a weak housing market.
The market news is quoted as saying:
Mr. Bernanke also cautioned that a sustained rise in oil prices could be a threat to the economy, but he noted that the probable outcome of the higher prices was a temporary and modest increase in consumer inflation.