U.S. Federal Reserve Chairman Ben Bernanke says the bank may ease back on efforts to stimulate the economy later this year, because the economy is growing moderately.
“Job gains, along with the strengthening housing market, have in turn contributed to increases in consumer confidence and supported household spending,” Bernanke said.
But Bernanke says the jobless rate is still too high, so the bank will continue stimulus efforts for the time being.
In 2008, the Fed cut short-term …
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