Fed's Bernanke on the economic outlook

In testimony "The economic outlook" given on 28 March Ben Bernanke of the Federal Reserve said growing troubles in the market for risky mortgages thus far don't appear to be spreading to the overall economy but the situation bears close watching.

"At this juncture ... the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained," Bernanke said in testimony to Congress' Joint Economic Committee.

"Although the turmoil in the subprime

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