NewsMine — economy — united-states — 2004 — 2004-jan-mar — Viewing Item

Fed governor says inflation was too low Original Source Link: (May no longer be active)    http://www.forbes.com/markets/newswire/2004/02/05/rtr1244196.html http://www.forbes.com/markets/newswire/2004/02/05/rtr1244196.html Fed's Bernanke sees low inflation, slow job growth Reuters, 02.05.04, 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. Copyright 2004, Reuters News Service

Adds fewer jobs than expected Blue chips in the red Bush says sending jobs overseas helps us { February 10 2004 } Data dispite bush rich label for small businesses Dollar hits 11 year low against pound Dollar plunges after us jobs data { March 5 2004 } Dollar slides as consumer data disappoint Dollar slips vs high yielders ahead of trade data Euro hits new high against dollar { February 18 2004 } Fed governor says inflation was too low Fed keeps rates steady calls for patience Gop cheers job increase { April 3 2004 } Greenback slides on lack of fed worries { January 6 2004 } Heineken warns weak dollar will hit profits Inventory levels low show wary business { March 12 2004 } Investors should worry about inflation risks Job growth stalls in february { March 5 2004 } Lack of new job deals blow to us economy { March 5 2004 } Levi strauss zips up last us plants { January 9 2004 } Manufacturing jobs replaced with mcdonalds Manufacturing news disappoints economists Misleading unemployment figures muddled job crisis Mutual fund 40bn inflows 2003 { February 5 2004 } Nasdaq leads surging wallstreet Ny fed warns of risks to us economy Reactions to fed rate left unchanged Real unemploytment rate higher argue economists Senator hollings discusses dangers sending jobs overseas { March 30 2004 } Sluggish job growth threatens recovery { February 10 2004 } States expect budget shortfalls Stocks slip oil prices a worry Treasuries surge as fed ackknowledges jobs gloom Us national debt tops 7trillion { February 18 2004 } Us stocks soar after 5 day tumble Files Listed: 34

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