Subscribe Register Login

Monday, December 22, 2014, 12:26 a.m.
Top Picks - Arkansas Daily Deal

Bernanke: Bad luck contributed to subpar recovery

By The Associated Press

This article was published December 18, 2013 at 3:16 p.m.

WASHINGTON — Federal Reserve Chairman Ben Bernanke says the U.S. economy's slow recovery from the Great Recession has been subpar for several reasons, including the extensive damage from the housing bust and tight budgets at all levels of government.

But he also blamed the anemic pace of the recovery on "some bad luck," saying Europe's debt troubles slowed the global economy at a critical time.

"Given all the things we have faced, it is not shocking that the recovery has been tepid," he said during a news conference after the Fed's two-day policy meeting.

He said the United States has still done better than many other countries.

Bernanke made the comments after the Fed announced it would begin to reduce its bond purchases by $10 billion in January, signaling a stronger economy.

Comments on: Bernanke: Bad luck contributed to subpar recovery

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Admin specialist

    The Criminal Justice Institute (CJI), a division of the Univ...
    LITTLE ROCK, AR

  • Forestry

    forestry: Ecological Restoration Services, LLC; Duties inclu...
    HOUMA, LA

  • Asst. manager

    welcome center assistant manager,Arkansas Welcome Center, Te...
    MENA, AR

  • Credit counselor

    consumer credit counselornorth Little Rock, ARCounselor prov...
    NORTH LITTLE ROCK, AR

  • Temp farm laborers

    temp farm laborers (14). 2/9/15-10/15/15. Seine, clean, grad...
    LONOKE, AR

Search 865 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online