Bernanke: US economy seeing some progress

  • Good reason to think US GDP to grow around 3%
  • US fiscal policy close to neutral in 2014
  • US household wealth has recovered from crisis
  • Housing market showing signs of recovery
  • Fed learned US not invulnerable to financial crisis
  • Fed needs to increase focus on financial stability

Didn’t take him long to get on the first plane out to somewhere warm

;-)

Speaking in Abu Dhabi at the Global financial markets forum

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