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Article: Bernanke optimistic economy will grow soon
- Article from:
- Telegraph - Herald (Dubuque)
- Article date:
- August 22, 2009
- Author:
CopyrightCopyright 2009 Telegraph - Herald (Dubuque). Provided by ProQuest LLC. (Hide copyright information)
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JACKSON, Wyo. - Federal Reserve Chairman Ben Bernanke on Friday
offered his most optimistic outlook since the financial crisis
struck, saying the economy is on the verge of growing again.
Speaking at an annual Fed conference, Bernanke acknowledged no
missteps by the central bank in managing the worst crisis since the
Great Depression. But he conceded that consumers and businesses are
still having trouble getting loans, even though the financial system
is gradually stabilizing.
Economic activity in both the U.S. and around the world seems to
be leveling out, and the economy is likely to start growing again
soon, Bernanke said in a speech at an annual Fed conference in
Jackson.
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