Thursday, November 08, 2007

Bernanke Says US Economy to Slow Down

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Photo of Ben Bernanke, the Federal Reserve chief, courtesy of the BBC

BBC: Federal Reserve chief Ben Bernanke has warned that the US economy will slow noticeably before the end of the year.

He blamed the slowdown on the credit crisis, which has made it harder for banks and individuals to borrow money.

He said that there was likely to be more "financial restraint on economic growth as credit becomes more expensive and difficult to obtain".

In the longer term, he said that the greater premium attached to risk may lead to a healthier financial system. Bernanke says US economy to slow (more)

BBC:
Global credit crunch

FINANCIAL TIMES:
Bank of England holds rates at 5.75% By Chris Giles

FINANCIAL TIMES:
Pound hits fresh high after rate decision By Peter Garnham

NEUE ZÜRCHER ZEITUNG:
US-Banken schockieren mit neuen Milliardenbelastungen: Neue Belastungen in Millardenhöhe angekündigt

LE FIGARO:
Wall Street fébrile De Perrine Créquy

Mark Alexander