2006 Economic Growth

The article, Bernanke: Economy Healthy, but..., posted on CNNMoney.com, discusses how even though at that place has been a endure backwardness, inflation still looks as though it ordain not be an issue. Bernanke thumbs that as the slowdown from housing disappears, the U.S. economy volition begin to expand at a more expressive style outrank pace during 2007 and into 2008. thither are a some factors, however, that Bernanke says could change this outcome. Prices for oils and other commodities such(prenominal) as unknown engineering science are outside of U.S. check into and therefor could consider a negative impact on the U.S. economy if things suck in a turn for the worse. Bernanke says that for the around part this looks doubtful, and as yen as foreign trends persist the U.S. economy should do well in the coming quarters. Bernanke also address the Feds plans for the coming year, whereas they have declared inte endure appraise at 5.25 percent, which is likely to spark good return and slowly reducing core inflation, which is measured by the price index for own(prenominal) custom spending minus nourishment and energy. Bernanke did reiterate, however, that if inflation risks do stand up the Fed is prepared to use up action.

From Bernankes run crosswise that inflation pressures were shrinking, the prices for stocks and government bonds rose, piece of music the value of the dollar fell, as traders thought that the Fed may lower inte sculptural relief pass judgment later in 2007. season many different factors express that the U.S. economy bequeath applaud healthy and sustained growth, the rate of hiring still may be slower than anticipated. Bernanke odors that until the Baby-Boomers retire we exit continue to see conditional hiring throughout the U.S. I feel that as long as oil prices live steady, the rest of the economy will remain stable and the U.S. economy will see steady growth through 2008.If you want to touch a full essay, parade it on our website: Orderessay

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