Archive for February 25, 2009

US Economy shrinking but end to recession in sight, Federal Reserve Chair Ben Bernanke says

WASHINGTON The U.S. economy is suffering a “severe contraction,” Federal Reserve Chair Ben Bernanke told Congress yesterday. But he planted a glimmer of hope that the recession might end this year if the government managed to prop up the shaky banking system, and Wall Street rallied.

Follow

Get every new post delivered to your Inbox.

Join 700 other followers