Tuesday, April 14, 2009
Federal Reserve Chairman Ben Bernanke says there have been flickering signs that the recession may be easing.
The Fed chief mentioned improvements in recent data on home and auto sales, home building and consumer spending.
In remarks prepared for students and faculty at Morehouse College in Atlanta, Bernanke says: "Recently we have seen tentative signs that the sharp decline in economic activity may be slowing."
Still, Bernanke makes clear that any lasting recovery hinges on the government's success in stabilizing the shaky financial system and easing credit clogs.