Washington, Jan 4
US Federal Reserve Chairman Ben Bernanke predicted that the US economy will fare better in coming quarters.
He was addressing the annual meeting of the American Economic Association held in Philadelphia, the US state of Pennsylvania, Xinhua reported Friday.
He said: "The combination of financial healing, greater balance in the housing market, less fiscal restraint, and, of course, continued monetary policy accommodation bodes well for US economic growth in coming quarters."
The US economy has made "considerable progress" since the recovery officially began some four and a half years ago, said Bernanke, whose terms ends Jan 31.
By:IANS