Bernanke said the U.S. recession is likely to have been the end

Evening of September 15 Beijing time, Federal Reserve Chairman Ben Bernanke said that once the current financial crisis subsided,nike air shoes, allowing banks loans packaged into securities, a "shadow banking system" may be smaller scale, the structure may also be easier. The Brookings Institution in his response to a question after a speech, said: "I think at least in the medium term, the size of this shadow banking system will not be restored to its previous level. Accounting standards, regulatory standards, adjustments will reduce the bank off-balance loans income. "
Brookings Institution, the United States a well-known liberal think tank, earlier today,tiffany outlet, Ben Bernanke delivered a speech at the Institute. He pointed out that the financial crisis in September last year, countries around the world regulatory agencies to take prompt action, the success of the world economy from the brink of collapse rescue, the current collapse of the financial system and economic activities of the universality of the fear no longer exists. However, he also said that the economic recovery may be slow. Bernanke's remarks today and his reflection on this year's annual meeting in August in the Fed's speech basically the same. In the Lehman Brothers bankruptcy an anniversary Bernanke also noted that the U.S. government does not rescue Lehman's decision is correct. The reflection will be in August, after Obama's presidential nomination as Federal Reserve Chairman Ben Bernanke once again that he is likely to be in charge of the U.S. central bank for four years.
In the economic situation is concerned, Bernanke pointed out that the U.S. economic recession has ended, at least to judge from the economic data is so, "from a technical perspective, the current economic downturn is likely to have an end."
Bernanke also said that the labor market continued weakness in the whole 2010, the risk still exists, it is very difficult because of the slow-growing economy and create many job opportunities. Many economists now expect the labor market will only slow recovery. Bernanke said that this is only one of the expectations, and this is expected to be wrong.
Bernanke said that he was set up on Wall Street that Congress will complete the work of management confidence in the new law. Many analysts of the Congress to complete a health care system and the financial system restructuring skeptical. Today, however, Bernanke said he did not agree with this question, "I have confidence in the approach of a comprehensive reform."

related article?

（点击查看原文/来源链接）