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Federal Reserve Chairman Declares the Recession “Likely Over”

Wednesday, September 16, 2009

Federal Reserve Chairman Declares the Recession "Likely Over"

Moneywatch reported today: “Gold futures climbed back above the $1,000-an-ounce mark on Tuesday, after upbeat U.S. economic reports and as Federal Reserve Chairman Ben Bernanke said the recession is likely over. Bernanke and other Fed officials, however, reiterated views that unemployment will remain high and the economy will stay weak well into next year, fueling expectations that the central bank will continue to provide ample liquidity.”

Posted via email from Dei Gratia Rex

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