FED’s Bernanke: “US growth is not as strong as Fed would like, financial conditions mean a slower recovery”

Market news

1 March 2012

FED’s Bernanke: “US growth is not as strong as Fed would like, financial conditions mean a slower recovery”

recovery is not complete, hsg lagging, mfg has been leading
recession has not affected US growth potential
banks, reiterates that exposure to EU debt is limited and impact from problems will come from other areas
Fed has no official position on prin reductions
some moves in commodities are inevitable, overall have had some good econ news
hsg demand will return when econ recovers
some moves in commodities are inevitable, overall have had some good econ news
hsg demand will return when econ recovers

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