WASHINGTON — Federal Reserve Chairman Ben Bernanke says factors that have kept the economy from accelerating appear to be abating, and he foresees stronger growth in 2014.
Mr. Bernanke says Americans’ finances have improved and the outlook for home sales is brighter. He also expects less drag from federal spending cuts and tax increases.
He made the comments to the annual meeting of the American Economic Association in Philadelphia. It’s one of his final speeches as Fed chairman. He is stepping down at the end of this month after eight years as chairman.