Bernanke Warns of Danger of Credit Market ‘Relapse’
May 5 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke warned that
another shock to the financial system would undercut the central bank’s
forecast that the U.S. recession will give way this year to a slow recovery.
“A relapse in financial conditions would be a significant drag on economic
activity and could cause the incipient recovery to stall,” Bernanke said
today in testimony to the congressional Joint Economic Committee. He
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