Summary
People wondering why Federal Reserve Chairman Ben Bernanke suddenly moved to reduce the bank borrowing rate by three quarters of a point should know that in private he has expressed growing pessimism about the economy. Whispers has learned that has told people in recent weeks that the economic situation some see falling into recession will be much worse than he has admitted to publicly.
-- Paul BedardSee the full content of this document
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From Washington Whispers (usnews.com/blog)
To recap, in a matter of months we've got...See the full content of this document
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