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Bernanke steps up warnings over fiscal cliff
WASHINGTON — Fed chairman Ben Bernanke stepped up his warnings Tuesday over the looming “fiscal cliff,” saying its mandatory tax hikes and spending cuts posed a “substantial threat” to US economic recovery. With President Barack Obama’s administration and Congress locked in crunch talks on avoiding the cliff and slashing the…
Fed to meet as U.S. recovery sputters
The erratic path of the three-year-old US economic recovery will weigh on Federal Reserve policymakers when they gather Wednesday amid a fresh bout of anxiety over the slow pace of revival. The Fed’s interest rate-setting panel will end two days of meetings in Washington to decide whether more stimulus for…
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