Bernanke Says The Recession Is "Likely Over"

Good news? Federal Reserve Chairman Ben Bernanke says that the recession is over, but that it won’t really stop the rise of unemployment — currently at a 26-year high of 9.7%.

“The recession is very likely over at this point,” Bernanke said in responding to questions at the Brookings Institution.

He thinks that the economy is likely growing at this point. He also said that Wall Street reform “will be forthcoming.”

What do you think? Is Bernanke right?


Bernanke says recession ‘very likely over’ [AP]
(Photo:Ed Yourdon)