March 29, 2012 / 6:13 PM / 7 years ago

Bernanke: Economy to return to trend growth

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday that he expects the U.S. economy to return to a long-term growth rate around three percent over time.

U.S. Federal Reserve Chairman Ben Bernanke gives a lecture on the 2008 global financial crisis in a classroom at George Washington University School of Business in Washington, March 29, 2012. REUTERS/Jonathan Ernst

Speaking to students at George Washington University, he said U.S. growth was below its long-term trend now, still in a relatively weak recovery following the 2007-2009 financial crisis.

“We are below the trend line, there are debates about whether or not that decline is in some way permanent,” Bernanke said. “But I think there’s a reasonable chance...that the U.S. economy will return to healthy growth somewhere in the three percent range.”

Reporting By Glenn Somerville

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