Fed Boss Bernanke: Recession Is "Very Likely Over"

Ben Bernanke said the worst recession since the 1930s has probably come to an end

Tuesday, Sep 15, 2009  |  Updated 8:45 AM PDT
View Comments (
)
|
Email
|
Print
Riches to Rags: Famous Bankruptcies

Getty Images

Fed chair Ben Bernanke said the recession was likely over.

Photos and Videos
More Photos and Videos

Federal Reserve Chairman Ben Bernanke said today that the worst recession since the Great Depression has probably come to an end.

"The recession is very likely over at this point," Bernanke said at the Brookings Institution.

Bernanke made the blockbuster announcement and said he is confident Congress will help guard against another financial meltdown of this magnitude with legislation that will help rewrite the U.S. financial playbook because the collapse was "too big a calamity" for the government to ignore.

"I feel quite confident that a comprehensive reform will be forthcoming," he said.

Get more: MSNBC

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out