(LA Times) Tom Petruno—Bernanke and Buffett try the feel-better approach

Posted by Kendall Harmon

Squeezed into a corner, Ben S. Bernanke tried a classic escape tactic: Create a diversion.

With financial markets hoping for something of substance in the Federal Reserve chairman's speech on the economy Friday, Bernanke instead cooked up some comfort food. The near-term outlook is a struggle, he allowed, but over the long term the U.S. has the wherewithal to return to a healthy pace of growth.

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Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentFederal Reserve* International News & CommentaryAmerica/U.S.A.Europe

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Posted August 27, 2011 at 9:51 am [Printer Friendly] [Print w/ comments]
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