Bernanke says U.S. Recession 'Likely Over' Technically

Sept. 15, 2009
Likely to grow in Q3

Federal Reserve chairman Ben Bernanke on Sept. 15 said the U.S. recession "is very likely over at this point" from a technical perspective but that the economy may remain weak for some time.

Bernanke, speaking at a Washington forum, said the economy is likely to show growth in the third quarter after a slump that began in late 2007.

"Even though from a technical perspective, the recession is very likely over at this point, it's still going to feel like a very weak economy for some time as many people will still find that their job security and their employment status is not what they wish it was," he said.

"So that's a challenge for us and policymakers going forward."

Copyright Agence France-Presse, 2009

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