• <nav id="c8c2c"></nav>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
        <tr id="c8c2c"></tr>
      • a级毛片av无码,久久精品人人爽人人爽,国产r级在线播放,国产在线高清一区二区

        您現(xiàn)在的位置: > Language Tips > Audio & Video > Normal Speed News  
         





         
        US Federal Reserve chief paints mixed economic picture
        [ 2007-03-29 09:12 ]

        The United States' top monetary official says the country's economy continues to grow and create jobs, but is hindered by several factors, including negative developments in the housing industry. VOA's Michael Bowman reports from Washington, where Federal Reserve Chairman Ben Bernanke spoke at a hearing of Congress' Joint Economic Committee.

        If legislators were looking for a clear-cut, decisive prediction on the future of the U.S. economy, they did not get it from Ben Bernanke. The U.S. central bank chief noted several positive trends that suggest further economic expansion, including rising exports and continued job creation.

        "The continuing increases in employment, together with some pick-up in real wages, have helped sustain consumer spending, which increased at a brisk pace in the second half of last year, and has continued to be well maintained so far this year," he said.

        "Growth in consumer spending should continue to support the economic expansion in coming quarters," he continued.

        But Bernanke was quick to add that all is not well. In particular, he pointed to a dramatic slowdown in America's once-booming housing market, regarded as a primary engine of U.S. economic growth in recent years.

        "To the downside, the correction in the housing market could turn out to be more severe than we currently expect, perhaps exacerbated by problems in the sub-prime sector," the Federal Reserve chairman said.

        "Moreover, we could see yet greater spillover from the weakness in housing to employment and consumer spending than has occurred thus far," he added.

        The "sub-prime sector" refers to mortgages held by roughly 10 percent of U.S. homeowners that often feature higher interest rates and sometimes allow a homeowner to pay only the interest on their loan, thereby accruing no equity. Such plans are generally offered to people with poor credit or low income levels.

        Foreclosures in the sub-prime sector have skyrocketed in recent months, leading U.S. officials and legislators to question the lending practices of some financial institutions.

        The Federal Reserve Board decides when and whether to raise or lower interest rates, based on its reading of current economic conditions and its projections of future ones. Many look to the Federal Reserve chairman as America's top economic prognosticator.

        Earlier this month, Bernanke's predecessor, Alan Greenspan, said there is a one in three chance that the United States will slide into a recession by year's end.

        Speaking on Capitol Hill, Bernanke said there is insufficient evidence to conclude that America's five-year economic expansion will "die of old age."



        點(diǎn)擊進(jìn)入更多VOA常速



        clear-cut
         : clean and obvious(清晰明了的)

        foreclosure : the act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed(抵押贖回權(quán)的喪失)

        prognosticator : 預(yù)言者

        (來(lái)源:VOA  英語(yǔ)點(diǎn)津姍姍編輯

         

         
         
        相關(guān)文章 Related Stories
         
        Britain to withdraw 1,600 troops in Iraq Iraq still dominates US Presidential race
        Violence across Iraq scattered Iraq dominates early stage of US presidential race
                 
         
         
         
         
         
                 

         

         

         
         

        48小時(shí)內(nèi)最熱門

             

        本頻道最新推薦

             
          《天堂》之見(jiàn):Inside your heaven
          The Patriot《愛(ài)國(guó)者》(精講之五)
          Trying to understand food labels
          Senate backs timeline for US troop withdrawal from Iraq
          Socially responsible investing grows

        論壇熱貼

             
          How to Solve Traffic Problem in Big City
          Animal Farm by George Orwell
          how to say 農(nóng)村信用合作社
          “江湖”英文要怎么說(shuō)?
          老地方見(jiàn)!怎么說(shuō)呢?
          急火攻心?






        a级毛片av无码
        • <nav id="c8c2c"></nav>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
            <tr id="c8c2c"></tr>