This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7507884.stm
The article has changed 7 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Fed boss warns of growth 'risks' | Fed boss warns of growth 'risks' |
| (21 minutes later) | |
| The boss of the US Federal Reserve Ben Bernanke has warned that there are still "downside risks" to growth in the world's largest economy. | The boss of the US Federal Reserve Ben Bernanke has warned that there are still "downside risks" to growth in the world's largest economy. |
| He also said that "upside risks" to inflation had intensified recently. | He also said that "upside risks" to inflation had intensified recently. |
| His comments come as problems in the US housing market have started to weigh on the wider economy, slowing consumer spending and boosting recession fears. | His comments come as problems in the US housing market have started to weigh on the wider economy, slowing consumer spending and boosting recession fears. |
| The US is not alone in dealing with the problems, and the UK is wrestling with slower growth and quickening inflation. | The US is not alone in dealing with the problems, and the UK is wrestling with slower growth and quickening inflation. |
| Central bankers are having to juggle a number of problems and analysts said that accelerating consumer price growth may mean they are unable to cut interest rates to stoke up growth. | |
| Earlier this month, the Fed left its main interest rate unchanged at 2%. The Bank of England left its main interest rate unchanged at 5%. | |
| "The Fed's having a difficult time, as are most other central banks, as to what the next move should be," said Dustin Reid of ABN Amro. |