Federal reserve chair.(THE NUMBERS)
American Drycleaner, March, 2007 by O; '; Rourke, Shelly
FEDERAL RESERVE CHAIR Ben Bernanke was upbeat last month in front of the Senate Banking Committee, saying he expects economic growth to strengthen somewhat "as the drag from housing diminishes." Bernanke went on to predict that the gross domestic product (GDP) will increase 2.5% to 3% this year with only moderate inflation, calming investor fears.
Following his comments, equity and bond markets surged, with the Dow logging a record close in New York.
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