Federal Reserve Chairman Ben S. Bernanke told lawmakers May 5 that the central bank expects U.S. economic activity “to bottom out, then to turn up later this year.” Another shock to the financial system would undercut that forecast, he added.
So he is saying that the economy will recover unless it doesn't.
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4 comments:
isn't that what politicians do..
you're going to have a good year unless you don't.. covers all the bases
That is true but doesn't help the businessman who is trying to gauge the business environment. The question as to what the Fed's role in the economy is being debated now, but an obtuse answer is not valuable in these awkward times.
it's certainely not valuable, but frankly, not unexpected. I'm old enough to know that politicians suck. by the way..how are you doing?
Fine and busy. I don't have my .mac account so email me on my gmail account. Appreciate you reading up on my blog. And Dave stopped by.
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