Economy

August 27, 2010 12:40 AM

With economy slowing, Bernanke still not ready to act

The U.S. economy grew at a slower pace during the second quarter of this year than first estimated, the government reported Friday, another indication that the recovery is losing steam. But Federal Reserve Chairman Ben Bernanke said he won't take new actions until the signs of deterioration are clearer.

Related content

Comments

Videos

More Videos

President Obama lands in Vietnam 00:52

President Obama lands in Vietnam

TPP is good for American businesses, says White House 02:06

TPP is good for American businesses, says White House

Democrats yell "shame" on the floor of the House of Representatives 02:00

Democrats yell "shame" on the floor of the House of Representatives

'The dance Force' is strong with the Obamas 00:23

'The dance Force' is strong with the Obamas

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama 01:44

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama

Trump to Christie: 'You're not eating Oreos anymore' 00:19

Trump to Christie: 'You're not eating Oreos anymore'

Defense bill approved by House is "strong," says Speaker Ryan 01:43

Defense bill approved by House is "strong," says Speaker Ryan

Obama's advice for Rutgers graduates: 'Have faith in democracy' 01:20

Obama's advice for Rutgers graduates: 'Have faith in democracy'

Here's how a presidential candidate can qualify for Secret Service protection 01:02

Here's how a presidential candidate can qualify for Secret Service protection

Share Video

Editor's Choice Videos