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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: laura_bush who wrote (37099)	2/6/2004 12:47:35 AM
From: Lizzie Tudor	Respond to of 89467

more trouble ahead for republicans- the job market stays as is, and its curtains ------------ Fed's Bernanke sees low inflation, slow job growth Thursday February 5, 1:13 pm ET WASHINGTON, Feb 5 (Reuters) - Federal Reserve Board governor Ben Bernanke said on Thursday he believed U.S. inflation was too low, and warned the job market would likely improve only slowly this year. "Inflation has been trending down for the last three years and it has now reached levels that I feel are actually too low for the health of the economy," Bernanke told the South Carolina Association of Investment Professionals Economic Forecasting in Columbia, South Carolina. "Even at 4 percent (economic) growth, we're not necessarily exceeding by much the potential growth of the economy. So the labor market will improve but probably not very quickly, and the slack in that labor market means we shouldn't expect to see rapid increases in wages over the next year," he added. biz.yahoo.com