This just in from Gloomberg-
*STERN AGREES WITH BERNANKE ASSESSMENT ON INFLATION BIAS
*STERN SAYS `THE BULK’ OF HOME CONSTRUCTION DOWNTURN IS PAST
*STERN: SUBPRIME PROBLEMS UNLIKELY TO HAVE BIG OVERALL EFFECT
*STERN SAYS GROWTH CAN BE SUSTAINED IN `FACE OF DISRUPTIONS’
*FED’S STERN SAYS U.S. ECONOMY IS `RESILIENT AND FLEXIBLE’
Thanks to Sudaca from Capitalstool.com for this newsflash.
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