US growth falls to 2.2% in first quarter

US economic growth fell heavily to 2.2 percent in the first quarter of the year, official data showed Friday, a reading that is sure to rekindle fears the US economy is heading for another spring stumble.

The figures will also help frame the crucial first steps of a general election race between President Barack Obama and Republican Mitt Romney that could hinge on voters' notions about the economy.

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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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