Fed Projects Up to 4% U.S. GDP Growth for 2011

Fed Chairman Ben Bernanke said Tuesday that the U.S. economic recovery is gaining traction even as job growth and the housing markets remain weak. The Fed projects U.S. GDP growth in a range of 3.5% to 4% for 2011, Mr. Bernanke said, and there may be reason for optimism on the jobs front in the coming quarters. – The WSJ