Wednesday, July 18, 2007

HIGHLIGHTS-Excerpts from Fed Chairman Bernanke's Q&A

(Reuters) - "The evidence so far is that there has been no spillover
that we can see" from the housing market to the broader economy
or consumer spending.




"The related concern on the downside risk is that in order
to clear out those inventories we might start seeing
falls in prices. The question is would moderate price declines
have any significant impact on consumer spending?"


Read more at Reuters.com Bonds News

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