Federal Reserve chief Ben Bernanke Thursday said the outlook for economic growth was sluggish at best, even as the government reported record exports trimmed the U.S. trade deficit last year, suggesting the economy at the end of 2007 was not as weak as earlier thought.
U.S. exports of goods and services set a record in December, pushing the total for the year to a record $1.62 trillion, and are a key source of support to an economy expected to struggle in other areas during the first half of this year.
What do you think? Should the Fed continue to cut interest rates. Tell us now!
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Sned those questions and comments to .