US weathering housing slump; inflation still biggest risk: Bernanke (AFP)

US Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee in Washington, DC. The US economy is slowly emerging from a worse-than-expected housing slump but will manage to post "moderate" growth in 2007 and 2008, Bernanke said Wednesday.(AFP/Getty Images/Chip Somodevilla)AFP - The US economy is maintaining a "moderate" expansion pace despite a housing slump that will drag on growth into next year, Federal Reserve chairman Ben Bernanke said Wednesday.


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