FEDERAL RESERVE CHAIRMAN BEN BERNANKE SPEAKS| ‘Recession is Over’

September 15, 2009 The Unbiased Writer

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Ben Bernanke who is the chairman of the Federal Reserve spoke earlier today at the Brookings Institution in Washington. In his speech, he informed individuals that the “recession” from a technical stance is over, however the effects of the recession on the rising unemployment rate could possibly increase. “From a technical perspective, the recession is very likely over at this point,” Bernanke said in response to questions. “It’s still going to feel like a very weak economy for some time because many people will still find that their job security and their employment status is not what they wish it was.” The current economic crisis in the U.S. started in December of 2007, and is statistically the worse the economy has been since the 1930’s.
Analysts predict the U.S. economy is growing in the current quarter, which ends Sept. 30, at an annual rate of 4 percent. It shrank at a 1 percent pace in the second quarter, much slower than in previous quarters. Bernanke  is confident that Congress will revamp the nation’s financial rule book to prevent a future crisis from happening. “I feel quite confident that a comprehensive reform will be forthcoming,” Bernanke said. What do you think? We presented the facts, what’s your conclusion?

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7 thoughts on “FEDERAL RESERVE CHAIRMAN BEN BERNANKE SPEAKS| ‘Recession is Over’

  1. John Strauss

    I feel the people who have always had money can agree or consider the recession to be “over”, but as far as people of the middle and lower class, we are going to feel the wrath for years to come.

  2. Mythoughts

    Hello People we were never in a Recession. The correct term is Depression.
    Goverment Folks are just covering up like they always have.
    The Depression isnt over, and things are not better.
    What planet does he live on.

  3. J.tini

    Maybe we should start thinking that the recession is over for it to really be over, maybe he is trying to bring a positive note to the public so they can believe that they can start a business confidently. I think its smart but risky if they don’t try to ease the unemployment and debts we have. They need to show how we need to conserve by conserving in government services with solar energy etc. We need to see them save their money for our service by putting more in.

  4. Sharbar1128

    I would like to know how anyone including this fool would think that the recession/depression is over. I don’t care what you call it people are still suffering and struggling. When an individual goes from being able to save money to barely living check to check something is wrong. When our government stops frivolously using tax payers money to bail out the rich then maybe we can come up out of this struggle.

  5. S.

    He must have been paid a pretty good amount to make that statement. He knows he is telling a white lie with that one. This is the lowest our economy has EVER been, as a country we can not decide a single thing because so many people wont agree with Obama because of his skin color. In stead of making our country a better place for EVERYONE and getting rid of our financial problem we give all of our $’s and effort to that damn war…

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