Fed chair expects American economy will rebound

Federal Reserve chairman Ben Bernanke predicted Tuesday the American economy will rebound from an anemic performance at the start of the year even if the housing slump continues.

Economic growth in the first three months of this year nearly stalled, logging just a 0.6 per cent annualized pace. It was the worst quarterly showing in more than four years.

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- Posted: 2007-06-05 10:27:19

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