News Journal

Economic data to be released in next 8 days

The Chairman of Federal Reserve, Ben Bernanke announced that the most sought over economic data will be released in the next eight days that will provide answers to the question related to rates.

The Chairman of Federal Reserve received award from the Charlotte Chamber of Commerce called “Citizen of the Carolinas” for the year 2007 for his policies and spoke about policies on economy in the ceremony.

He did not talk much about the rates but did not rule out a possibility of a rate cut .He said that they will be receiving a lots of information in the next few days. The final policy decision will be declared on Dec. 11.