Bernanke: Recession could end in 2009

By
March 16, 2009 01:53

America's recession will "probably" end this year, if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview. In carefully hedged remarks in a taped interview with CBS' 60 Minutes, Bernanke seemed to express a bit more optimism that this could be done. Still, Bernanke stressed - as he did to Congress last month - that the prospects for the recession ending this year and a recovery taking root next year hinge on a difficult task: getting banks to lend more freely again and getting the financial markets to work in a more normal fashion. "We've seen some progress in the financial markets, absolutely," Bernanke said. "But until we get that stabilized and working normally, we're not going to see recovery.


Related Content

Marjory Stoneman Douglas High School parent Andrew Pollack, with his sons.
February 22, 2018
Jewish dad of Florida school shooting victim to Trump: It stops here

By RON KAMPEAS/JTA

Israel Weather
  • 9 - 22
    Beer Sheva
    10 - 20
    Tel Aviv - Yafo
  • 9 - 16
    Jerusalem
    11 - 19
    Haifa
  • 17 - 25
    Elat
    12 - 22
    Tiberias