Monday, March 16, 2009

The head of the U.S. Federal Reserve expects the end of a recession by the end of 2009.

Chapter Fedrezerva U.S. Ben Bernanke believes that by the end of 2009, the U.S. will withdraw from a recession if the government will take measures to support the banking system. On this, the Associated Press, Bernanke said in an interview with the program "60 Minutes", which went on the air on channel CBS on Sunday night.

In doing so, the head of the U.S. Fed stressed that give clear predictions about the end of the recession and the beginning of economic recovery is not yet possible. "We are seeing some progress in the financial markets - said Bernanke. - But they do not stabilize and begin to function normally, we do not expect to improve the situation. "

Bernanke also noted that even with the optimistic scenario, unemployment in the current year are likely to overcome the level of 8,1 percent. Other American economists have earlier predicted that unemployment in the U.S. by end 2009 will reach 10 percent, which would be the worst figure in more than a quarter of a century.

The main potential danger to the U.S. economy at this stage, according to Bernanke, is a "lack of political will" to overcome the financial crisis. Nevertheless, the head of Fedrezerva, the American economy still managed to avoid depression.

Ben Bernanke, said AP, are extremely reluctant to communicate with the press. Explaining why he agreed to the interview via CBS, the head of Fedrezerva stated that decided to take a chance in this extraordinary time, "a direct appeal to Americans.

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