Bernanke: Recovery possible by late 2009
14-01-2009
US Federal Reserve chairman Ben Bernanke says the US central bank still has "powerful tools" at its disposal to tackle the economic crisis even if its main interest rate has been lowered to near zero. He also suggested a recovery is possible by late 2009. "The global economy will recover, but the timing and strength of the recovery are highly uncertain," Mr Bernanke said in a speech at the London School of Economics. "Government policy responses around the world will be critical determinants of the speed and vigour of the recovery." Mr Bernanke said that although there was much uncertainty, he was "hopeful that later in 2009, depending on factors, particularly including financial and credit markets, we should begin to see some stabilization in the economy."
