Bernanke: recession likely over'
September 15, 2009
JEANNINE AVERSA AP Economics Writer WASHINGTON
Federal Re s e rve Chai rman Be n Bernanke said today that the worst this morning since the 1930s is probably over. Bernanke said the economy likely is growing now, but it won't be sufficient to prevent the unemployment rate, now at a 26-year high of 9.7 percent, from rising. "The recession is very likely over at thi s point , " Bernanke said in responding to questions at the Brookings Institution. The Fed boss also said he is confident that Congress will enact a revamp of the nation's financial rule book to prevent a future crisis from happeni...