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Ben Bernanke warns of austerity as economy improves, Barbara Boxer says

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Federal Reserve Chairman Ben Bernanke voiced optimism in a meeting with Democratic senators about the outlook for economic growth while warning of the drag from fiscal austerity, according to a lawmaker at the gathering. “He gave the state of the economy and it was very optimistic,” said Sen. Barbara Boxer of California after the closed-door Capitol Hill meeting with Democrats. “He feels it's...

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