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U.S. economic recession "very likely over": Bernanke

U.S. Federal Reserve Chairman Ben Bernanke said Tuesday that the country's economic recession is very likely over at this point.

 

Bernanke

Federal Reserve Chairman Ben Bernanke speaks at the Washington based think-tank Brookings Institution Sept. 15, 2009. Bernanke said Tuesday that the country's economic recession is very likely over at this point.

More and more data showed that the world largest economy is pulling out of the worst recession since the 1930s. Bernanke admitted that in responding to questions at the Washington based think-tank Brookings Institution.

The central bank chief also expressed his confidence that the Congress will enact a revamp of the nation's financial rule book to prevent future crisis from happening.

"I feel quite confident that a comprehensive reform will be forthcoming," Bernanke said.

In a speech delivered Monday in New York to rethink the one year anniversary of the collapse of Lehman Brothers, President Barack Obama urged the Congress to enact legislation this year.

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 Source : Xinhua  Editor: Ivy
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