Page 25 - John Simons News Today : Breaking News, Live Updates & Top Stories | Vimarsana

this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. it could take as much as five to six years for the u.s. economy to fully recover. tom, that's the federal reserve's revised forecast for the economy, released today along with the minutes of its june meeting. >> tom: and susie, the fed is also painting a weaker picture for this year. policymakers predict the gross domestic product will grow between 3% and 3.5% in 2010. in april, policymakers were more optimistic, expecting...

this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. it could take as much as five to six years for the u.s. economy to fully recover. tom, that's the federal reserve's revised forecast for the economy, released today along with the minutes of its june meeting. >> tom: and susie, the fed is also painting a weaker picture for this year. policymakers predict the gross domestic product will grow between 3% and 3.5% in 2010. in april, policymakers were more optimistic, expecting...

>> susie: ben bernanke tells lawmakers if the fed only regulates big banks, it's not getting the whole picture. >> it makes us essentially the too big to fail regulator, and we don't want that responsibility. we want to have a connection to main street as well as wall street. >> tom: former fed chairman paul volcker joined bernanke, calling a proposal to take small bank regulation away from the fed arbitrary. you're watching "nightly business report" for wednesday, march 17. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible...

captioning sponsored by wpbt >> susie: the fed chairman tells wall street exactly what it wanted to hear. >> economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations are likely to warrant exceptionally low levels of the federal funds rate for an extended period. >> tom: but ben bernanke tells lawmakers he's moving ahead with plans to pull some of the rescue programs put in place during the financial crisis. you're watching "nightly business report" for wednesday, february 24. this is "nightly business report" with s...

captioning sponsored by wpbt >> susie: the fed chairman tells wall street exactly what it wanted to hear. >> economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations are likely to warrant exceptionally low levels of the federal funds rate for an extended period. >> tom: but ben bernanke tells lawmakers he's moving ahead with plans to pull some of the rescue programs put in place during the financial crisis. you're watching "nightly business report" for wednesday, february 24. this is "nightly business report" with s...