Ben Bernanke, head of the US central bank, has made an interesting announcement recently. He simply said that he expected the recession to come to an end in the year of 2009. Let’s quote what he told to CBS TV channel: “This decline will begin to moderate and we'll begin to see a levelling off.”
Mr Bernanke also said that in order to solve the problem the governments had to act quicker than they had done last time. Their reaction was very slow and almost brought the world close to a financial meltdown. Even though BBC thinks that this in an unusual behaviour from Mr Bernanke, i.e. having an interview with a TV channel, but he said these were desperate times and he needed to make an announcement.
What he told to CBS he had already told to the US Congress back in January. He firmly believes that only politics can stand in the way to make the world recover if there is no appropriate will to make a start. But are there any signs justifying all that Mr Bernanke claimed? Well, the Dow Jones index started to rise again and the economic bail-out seems to solve the problem of the mortgages, however, the US unemployment rate is still the highest since 1983.
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