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"The economy has continued to expand, but at a subdued pace," Mr. Bernanke said at another point.
"Euro area economic activity should stabilize and recover in the course of the year, albeit at a subdued pace," he said.
PAGE P12 SLEEPY TOWN -- The city is clipping along at a subdued pace, largely because New Yorkers have reconfigured their routines, staying home from work, closing businesses, or fleeing for a few days.
Government data released Wednesday suggested the economy continued to muddle along at a subdued pace, highlighting the pressure on Ben S. Bernanke, the chairman of the Federal Reserve, to come up with bolder policy prescriptions Friday when he delivers a widely anticipated speech in Jackson Hole, Wyo.
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Economic data from across the region have shown that economies are growing at a more subdued pace.
Growth in mortgage lending is running at a more subdued pace, the Bank added, with most of the increase attributable to lending to buy-to-let landlords.
Nationwide's chief economist, Robert Gardner, said: "The strength of the economy and relatively subdued pace of activity in the housing market remains something of an anomaly.
A one-minute silence was observed before a screening to over 1,500 guests at a subdued London premiere.
The bank said it believed growth in emerging markets would continue at a "reasonable pace", while economic conditions in Europe and Western economies would remain "subdued".
All at a frantic pace.
It's just at a slow pace.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com