via Business and financial news - CNNMoney.com on 9/16/09
In his first speech since he was reappointed, Federal Reserve Chairman Ben Bernanke said the recession is "very likely over" but detailed the tough road ahead for the economy.
Wednesday, September 16, 2009
Bernanke cautiously states: 'Recession is very likely over'
Check out this story…Is it time for celebrating that the money glitch recession is finally disappearing? I don't think so! The recession might have stopped spiraling downward toward a depression; however, it is going to take time to spur the economy around again. We need two-thirds of consumer spending to help move forward economic activity and that will not happen until people are back to work. Personally, I think we still have a good ways to go before our life-savings and investments experience a positive money glitch. What do you think?
In his first speech since he was reappointed, Federal Reserve Chairman Ben Bernanke said the recession is "very likely over" but detailed the tough road ahead for the economy.
In his first speech since he was reappointed, Federal Reserve Chairman Ben Bernanke said the recession is "very likely over" but detailed the tough road ahead for the economy.
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