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Fed Minutes Reflect Worries About Downturn - WSJ.com

Fed Minutes Reflect Worries About Downturn - WSJ.com: "Fed Chairman Ben Bernanke, in testimony before Congress last week, said the economy could slip into recession in the first half. Minutes show that downbeat view was broadly held. Officials discussed evidence of one of their greatest concerns: an 'adverse feedback loop' in which restricted credit availability worsens the economic outlook and then tightens credit conditions further."
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