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Bernanke: 2014 could be better year for US economy

By Martin Crutsinger
Published January 3, 2014 9:41pm ET
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Bernanke: 2014 could be better year for US economy
FILE - This Dec. 18, 2013 file photo shows Federal Reserve Chairman Ben Bernanke listening to a question during a news conference at the Federal Reserve in Washington. Bernanke said Friday, factors that have kept the economy from accelerating appear to be abating and he foresees stronger growth in 2014. Bernanke said Americans' finances have improved and the outlook for home sales is brighter. He also expects less drag from federal spending cuts and tax increases. Combined, those factors bode well for U.S. economic growth in coming quarters. (AP Photo/Susan Walsh, File) | Susan Walsh

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke on Friday predicted a stronger year for the U.S. economy in 2014, saying several factors that have held back growth appear to be abating.

Americans’ finances have improved and the outlook for home sales is brighter, Bernanke said. He also expects less drag from federal spending cuts and tax increases.

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