At a town hall meeting in Kansas City, Mo., the Fed chairman said the recovery will take some time, but that lessons learned will benefit the nation.
NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke said Sunday that lessons learned from the recession and the financial crisis will help make the economy stronger than it was before the crisis.
The Fed chairman answered questions from members of the public as well as moderator Jim Lehrer of PBS at a town hall event sponsored by the Federal Reserve Bank of Kansas City, Mo.
"The silver lining in this whole thing is that people are starting to save more, since they saw what happened with 401(k) investments," Bernanke said. "People are adopting good habits, so not only will we will be back on track, but the economy will be stronger than it had been before this started."
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8 comments:
Hes a fool, the middle class is going under, fast. S.O.B. better hope he never meets me.
LIAR
Sign & comment on the Abolish the Federal Reserve Petition to show your displeasure at the real estate and financial meltdown caused to a large degree by easy money policies of Greenspan and the Fed. http://www.petitiononline.com/fed/petition.html
11:43
Correct. He is a liar.
We would have to be fools to prop up their stock market again with our real money savings.
He's not a liar, he's a decent respected family man that cares deeply for his country. Because someone states facts as he know them (and he would know)and they are not the facts you want to hear, that does not make them a liar. Why not cutting out the personal attack crap.
Trying to blow smoke up our a$$ again......
Who's this clown tryin to fool?
3:56
Some of us call him a liar not because we know him personally, but because we understand the Federal Reserve.
Because he is the chosen front man for the Fed he is a liar. The position demands it.
The Federal Reserve is a criminal enterprise of international bankers who have hijacked our government and possess complete control of our economy. Their name is on our money, and they refer to it as a note. A note is a debt.
Bernanke cannot tell the truth about the matter. It is an impossibility.
I hope that clears it up.
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