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From AP news:

Federal Reserve Chairman Ben Bernanke said the European debt crisis is likely to have only a “modest” impact on the nation’s economy recovery as long as Wall Street stabilizes.

Bernanke, in prepared remarks to the House Budget Committee on Wednesday, said the recovery will remain intact despite problems in Europe, as well as stubbornly high unemployment and a fragile housing market here at home.

“The economy … appears to be on track to continue to expand through this year and next,” Bernanke said.

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