Bernanke gives gloomy forecast for US growth

Ben Bernanke, the chairman of the Federal Reserve, said on Thursday that the United States economy would slump in the coming months.

Bernanke told the Joint Economic Committee of the United States Congress that the Fed thought the solid growth achieved in the three months to September was unlikely to be maintained in the fourth quarter.

"In the short term, recent developments do imply a greater measure of financial restraint on economic growth as credit becomes more expensive and difficult to