Bernanke Says Better Times Are Near

By: Associated Press
By: Associated Press
Fed Chairman says economy is "leveling out."

Federal Reserve Chairman Ben Bernanke delivers remarks at the FDIC Forum on Mortgage Lending for Low and Moderate Income Households, Tuesday, July 8, 2008, in Arlington, Va. (AP Photo/Luis M. Alvarez)

Federal Reserve Chairman Ben Bernanke says the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression.

In a speech at an annual Fed conference in Jackson Hole, Wyo., Bernanke says economic activity in both the U.S. and around the world appears to be "leveling out," and "the prospects for a return to growth in the near term appear good."

The more upbeat assessment was consistent with the Fed's observations earlier this month as it took a small step toward pulling back some emergency programs to revive the economy.

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  • by jon Location: mi on Aug 29, 2009 at 03:33 PM
    Good man Bernanke, smart too.I think things would even look better if we had jobs.dahhhhhh,just a thought.This really makes you realize how we need to keep the government out of healthcare.
  • by Jen Location: mi on Aug 29, 2009 at 03:09 PM
    Don't you just love the way the government can turn the recession on and off like water, like the swine flu,like we'll be better off with them in charge of our healthcare.
  • by paul Location: Michigan. on Aug 25, 2009 at 07:17 AM
    Good times are near.WellifGod comes down here and getsrid of all the evil upon this earth and gives it to the meek which was promised,makes the earth into paradise with no boundries,one faith,all equal working together,with all having equal and with no pain,no illness,and best of all no evil one or no evil people.One government run by Gods people.If the end of the systems comes as God says we will be better off.All those knowing the lords prayer knows what God says and it will be done on earth as in heaven.The evil one runs this earth right now with many working for him.More are turning to God and that's good.God will be the only hope many have.So things will get better,when God see fit and it is time.
  • by mary Location: mich on Aug 25, 2009 at 07:04 AM
    Isn't this the person our president wants to keep in office?Why give out false hope.Without thousand of jobs to put people to work and collect tax money off of.We can only get worse unless we are headed for socialist gov where the gov takes care of all.Taking many freedoms and rights.We already lost jobs to communist countries,countries who don't take care of people,abuse them and so on.The things the USA don't believe in,at least so far.Why were jobs allowed to leave to make other countries rich while ours fall down and destroys the lives of many?Times will not get better.Not for the most of us.The bibles words become more true every day.Sad so many don't see it.The government surely don't and don't care.
  • by dave K Location: MICH on Aug 23, 2009 at 06:37 AM
    As long as jobs are NOT there,gas prices go up,utilities go up,insurances go up,homes keep being lost,prices still to high on homes and cars,Still more taxes are happening.At least they want more in Michigan.If people were to get by and make a living with the costs of so many things,jobs would have to pay 20$ an hour and we'd be working at least 50 hours a week.I don't see that happening with most jobs,if jobs were coming to put all mich people back to work.GREED has happened.GREED is destroying in it's best form.Things will get better?If your still rich and have ways to continue to be so,maybe you will surrive.Middle class went to poor,poor went to proverty,and what's below that.H---- it seems like.Some better off ones lost too,so they are learning new ways.How far is NEAR?It won't happen for many.Not in this life time.Not without thousands of decent paying jobs,asap.How stupid does someone think people are to believe this bernanke.Maybe in his world,not the world of most.
  • by Anonymous on Aug 22, 2009 at 07:15 AM
    We can't say things are anything because jobs are not here.They are in Mexico or overseas.More are leaving.The facts are a lot of people have lost homes and everything else.Food banks can't keep up with demand.So many can't find jobs.Homes asre not selling or anything else enless we want to consider the government help with things.Just because cars sold with cash for clunkers and gov loans for housing if one was low income is considered?Parents buying more at stores with kids going back to school may make sales look good,but?Then we will get holiday spenders sooner than we think.Gas prices aren't stable and going UP again.Heating bills will be starting again in colder climates of the USA.Thousands are out of work and can't find jobs.To the RICH things may look alright.States like Mich are still going backwards.Times are far from getting better,enless you have money and stable jobs.Or if your in upper government you can get away with anything.Money takes care of money.
  • by Barbara Location: Lansing on Aug 21, 2009 at 09:00 PM
    Lies all lies, just because someone says it is doesn't mean anything! I will believe it when I see it. It's no different when GM said they were not hurting for money and everything was ok and then a month later they are broke! Buy the way how many people have bought stock in GM lately!
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