Blog Articles from Allegiant Mortgage, LLC

Chairman Bernanke sees recovery coming in 2010

April 3rd, 2009 4:04 PM by

Federal Reserve Chairman Ben Bernanke says that "We’ll see the recession coming to an end probably this year.”  He also stated in his "60 Minutes" interview that the country will begin to recover next year and will gradually pick up steam over time.

Not to necessarily say that the economy will bounce back into the pre-recession days of two years ago, but Mr. Bernanke said that the economy’s problems should begin to stabilize this year. That recovery, however, is dependent on having the backing of lawmakers and the public.

Mr. Bernanke has now set a time frame on what he believes will be the end of the uneasiness that has fallen on the US economy.

Posted in:General
Posted by on April 3rd, 2009 4:04 PM

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