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June 22nd, 2012 
FAKE NEWS for the Zionist agenda Previous Post: Formula One chief Bernie Ecclestone faces fresh allegations over £28 million ‘bribe’ nbsp
Federal Reserve cuts forecast for US economic growth
BBC – The Federal Reserve has cut its forecast for economic growth in 2012 from 2.9% to 2.4%. It has also predicted a central unemployment rate of up to 8.2%, having forecast up to 8% on 25 April. The central bank also extended its programme of swapping short-term bonds for long-term ones, known as Operation Twist, until the end of the year. The idea of the programme is to cut the long-term cost of borrowing for businesses and households. The programme is worth $267bn (£170bn). Read Article
Tags: banks, debt wealth, financial system, North America
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