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URGENT ¥¥¥ Fed warns US spending cuts could hit growth, jobs

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(Globalpost/GlobalPost)

Federal Reserve Chairman Ben Bernanke warned Wednesday that broad-based US government spending cuts could curb the economic and jobs recovery.

The Federal Open Market Committee "remains concerned that restrictive fiscal policies may slow economic growth and job creation in coming months," Bernanke said at a news conference after a two-day FOMC meeting.

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http://www.globalpost.com/dispatch/news/afp/130320/urgent-fed-warns-us-spending-cuts-could-hit-growth-jobs