Predictions

Bernanke: Economy Back on Track

Ben Bernanke is optimistic: According to the Associated Press, “Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the economy should pull out of a recession and start growing again later this year.” His prediction was couched, however: “Bernanke warned that even after a recovery gets under way, economic activity is likely to be subpar. That means businesses will stay cautious about hiring, driving up the nation's unemployment rate and causing ‘further sizable job losses’ in the coming months.”