Friday, August 31, 2012

Bernanke says progress is too slow

(Reuters) - New orders for U.S. factory goods rose more than expected in July, posting the biggest increase since July 2011 and rising for the second time in three months.

(Reuters) - Consumer sentiment climbed to a three-month high in August as households made progress paying down debt... .

(Reuters) - Federal Reserve Chairman Ben Bernanke on Friday said progress in bringing down U.S. unemployment was too slow and the central bank would act as needed to strengthen the economic recovery.

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