By Caren Bohan
NEW YORK, Sept 14 (Reuters) – U.S. President Barack Obama warned financial firms on Monday to heed the lessons of Lehman Brothers’ collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year.
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WASHINGTON, Sept 11 (Reuters) – President Barack Obama’s speech in New York on Monday will focus on financial reform and the need to strengthen the system to avoid another economic collapse, the White House said on Friday.
WASHINGTON, Aug 21 (Reuters) – Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke’s prepared speech to be delivered at the Kansas City Federal Reserve Bank’s conference in Jackson Hole, Wyoming.
BERNANKE ON CURRENT STATE OF ECONOMY
“After contracting sharply over the past year, economic activity appears to be leveling out, both in the United States and abroad, and the prospects for a return to growth in the near term appear good. … The economic recovery is likely to be relatively slow at first, with unemployment declining only gradually from high levels.”
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