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Fed Chair Meets with Media After FOMC Meeting

Washington, DC
Wednesday, April 25, 2012

Fed Chair Ben Bernanke says economic recovery in the country will continue at a moderate pace, hampered by the sluggish housing sector. The Fed will keep interest rates at record lows until about 2014. In remarks to reporters after a round of policy meetings Wednesday, Mr. Bernanke also warned that the U.S. faces a fiscal cliff unless Congress acts ahead of tax hikes and spending cuts scheduled at the start of 2013.

The next Fed gathering is set for June 19 and 20.

Updated: Tuesday, June 19, 2012 at 10:42am (ET)

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