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Fed Forecasts Economic Rebound by Next Spring

By Jim Zarroli

Published November 8, 2007 at 4:00 PM EST

Federal Reserve Chairman Ben Bernanke said Thursday that he expects the U.S. economy to "slow noticeably" in coming months as the housing slump intensifies. Bernanke also said the economy has shown considerable resilience and should rebound next year.

More Stories

One family thought they had left Syria forever. After Assad's fall, they plan to return

Juliana Kim

Rehab Alkadi and her husband, Feras, fled Syria's war with their young son in 2013. They and other Syrian refugees in the U.S. are now hopeful for their country's future, even as uncertainty remains.
Through 'The Loss Mother's Stone,' mothers share their grief from losing a child to stillbirth

Nancy Borowick

Through her work, photographer Nancy Borowick says she hopes to draw awareness to women's stories, educate Americans and destigmatize the conversation that occurs between doctors and patients.
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

The Associated Press

The automaker will focus on development of partially automated driver-assist systems for personal vehicles like its Super Cruise, which allows drivers to take their hands off the steering wheel.
Bankruptcy judge rejects The Onion's bid for Infowars

Tovia Smith

The bidder that lost last month's auction of conspiracy theorist Alex Jones' assets had complained that the process was rigged and "fatally flawed."
Monarch butterflies will get federal protections as a threatened species

The Associated Press

U.S. officials decided to extend protections to monarch butterflies after warnings from environmentalists that populations are shrinking and the beloved pollinator may not survive climate change.