Goldman Sachs lowered Q2 growth estimates to 1.6 percent from 1.8 percent, Morgan Stanley to 1.8 percent from 2 percent,  Credit Suisse to 2.2 percent from 2.5 percent.

JP Morgan’s expects more Fed action because Bernanke is far from achieving his economic mandate.

Median forecast of 70 economists expects the economy to expand at a 2.2 percent rate in 2012.

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