Posted by:birdofpray, 15:57 GMT le 15 septembre 2009
Its a Free country...Like who you like...this is who I choose!!
For Giving a crap about us AMERICANS!!!You Rock Obama!
Retail sales rise more than expected in August; sales excluding autos up 1.1 percent
Federal Reserve Chairman Ben Bernanke said Tuesday that the worst recession 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 this 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 happening.
"I feel quite confident that a comprehensive reform will be forthcoming," Bernanke said. It has been "too big a calamity" over the past year, with the near meltdown of the U.S. financial system, for Congress not to take action, he added.