February 26th, 2013
11:07 AM ET
1 year ago

Bernanke warns Congress it could hurt economic rebound

Washington (CNN) – The economy is expanding again, Federal Reserve Chairman Ben Bernanke told Congress Tuesday, but he warned that what lawmakers do about the looming forced budget cuts could slow the upward trend.

The economy has picked up after an unexpected fourth quarter 2012 when growth was close to zero, he said in his twice-a-year report on monetary policy.

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Filed under: Ben Bernanke • Congress • Debt • Deficit