Fed chief, president expect recovery will strengthen
(NEWSER) - Ben Bernanke isn’t worried about a double-dip recession, despite an economy he acknowledged as unexpectedly troubled this year, reports MarketWatch . “I expect hiring to pick up from last month’s pace as growth strengthens in the second half of the year,” the Fed chairman told a meeting of international bankers in Atlanta. He said that high commodity prices weren’t the Fed’s fault, and that Japan’s earthquake was the cause of poor economic numbers since April. Its effects will wear off in the next few months, he said, helped by the possibility of lower gas prices. More»
