clipped from: news.bbc.co.uk   
The US Federal Reserve has cut its 2008 growth forecast for the US economy and predicted that unemployment will rise more than it had previously expected.
Fed chairman Ben Bernanke

The US central bank also said the jobless rate could reach 5.7%.

"Although downside risks to growth remained, members were also concerned about the upside risks to the inflation outlook, given the continued increases in oil and commodity prices," the Fed said.