Recession Will End This Year? Bernanke Thinks So
Depending on who you listen to, it can be hard to believe, but last night on 60 Minutes, the Man Who Giveth No Interviews told Scott Pelley we could see economic recovery as soon as this year. Stirring, especially for a man who doesn't do many on-the-record sitdowns with the press.Ben Bernanke himself admits his words must be very carefully chosen-lest he sway the markets one way or the other-so it was obvious that he would use this interview, which was one year in the making, to make an impact. And the impact he chose was a) To paint himself as a Main Streeter, not a Wall Streeter, and b) To boost spirits.Boosting hope (and therefore spending) is key to economic recovery, and I don't know about you, but when I first heard he'd be on 60 Minutes, I knew there wasn't much chance he'd sit down with Pelley and say we were goners. See what else he had to say below, or read it here.