The New York TimesMarch 16, 2009
“We’ll see the recession coming to an end probably this year.”
With those words, Federal Reserve Chairman Ben S. Bernanke staked a marker on what he believes will be the end of the malaise that has descended upon the United States economy. And, he said on a “60 Minutes” interview that ran Sunday evening, the country will begin to recover next year - “and it will pick up steam over time.”
Not that the economy will spring back to the pre-recession days of two years ago. But Mr. Bernanke said - in a rare interview - 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.
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Photo location: Tum Thong beach, Prachuab Khirikan province.
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