Obama Tempers Optimism With Reality On Economy
Submitted by FWO3 on April 14, 2009 – 12:22 pmNo Comment
Retail sales fell unexpectedly in March, decreasing by 1.1 percent. At the same time, wholesale prices dropped sharply as the cost of gasoline and other energy plummeted, fresh evidence that inflation appears to pose little threat to the economy.
In a speech prepared for students and faculty at Morehouse College in Atlanta, Bernanke, like Obama, said there have been flickering signs of improvement, citing recent data on home and auto sales, home building and consumer spending. Source: Fox News. Click here to read the entire article.
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