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Monday, December 09, 2019 {{ new Date().getDay() }}

The Federal Reserve Chairman sounded almost befuddled yesterday when during a press conference yesterday where he explained the central bank’s recent decision to keep interest rates low. “We don’t have a precise read on why this slower pace of growth is persisting,” he told reporters.

The gloomy official statement from the bank referred to the job market as “weaker than anticipated” instead of the previous term “improving gradually.” Bernanke, in his second-ever official press conference, seemed to have a bit of trouble striking a genuinely positive note:

“Maybe some of the headwinds that are concerning us, like the weakness in the financial sector, problems in the housing sector — some may be stronger and more persistent than we thought,” he said.

Bernanke described the debt crisis in Greece as a “very difficult situation.” He said that if Greece defaulted on its debt, the impact would go beyond Europe and threaten the global economy.

In answer to another question, Bernanke said the impact on U.S. financial institutions would likely be “very small.” But he said a spiraling Greek debt crisis that roiled financial markets would pose more severe threats.

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Former Seminole County Tax Collector Joel Greenberg during an interview at his office in Lake Mary, Florida

Joe Burbank/Orlando Sentinel/Orlando Sentinel/TNS

ORLANDO, Fla. – Joel Greenberg, Seminole County’s disgraced former tax collector, has agreed to plead guilty to six federal crimes — including sex trafficking of a child — in a deal that calls for him to cooperate with federal investigators, according to a source with knowledge of the agreement. The deal, which will be made official during a Monday morning court hearing Greenberg is required to attend, marks a turning point in the sprawling federal investigation that has roiled Florida politics and reportedly taken aim at Greenberg’s friend and ally U.S. Rep. Matt Gaetz. In addition to traffic...

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