The recession may end in 2009 according to observations by the Chairman of the Federal Reserve.
Wired PR News – The recession may come to an end earlier than many previously anticipated. As reported by the Associated Press (AP), Federal Reserve Chairman Ben Bernanke stated in an interview on Sunday that if the government could successfully revive the banking system, then the U.S. might see an end to the recession in 2009.
Bernanke is quoted as stating in a rare interview for the CBS television program “60 Minutes,” “We’ve seen some progress in the financial markets, absolutely… But until we get that stabilized and working normally, we’re not going to see recovery… But we do have a plan. We’re working on it. And, I do think that we will get it stabilized, and we’ll see the recession coming to an end probably this year.”
Bernanke’s full “60 Minutes” interview aired on Sunday.