CSPAN Key Capitol Hill Hearings May 8, 2014
Some issues regarding financial stability. Real domestic gross product went up to an average annual rate of and a quarter percent over the second half of last year. A faster pace than in the first half and during the preceding two years. Although real gdp growth is currently estimated to a pause in the First Quarter of this year, i see that it is mostly reflecting transitory factors, including the effects of the unusually cold and snowy winter weather. With the harsh winter behind us, many recent indicators suggested a rebound in spending and production is already underway. Putting the overall...
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