Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Bernanke cites tentative signs that decline is slowing
WASHINGTON (4/15/09)—In a speech that primarily addressed aspects of the country’s current financial struggles, Federal Reserve Board Chairman Ben Bernanke also declared that he is “fundamentally optimistic” about the economy. Bernanke, addressing students and faculty at Morehouse College, Atlanta, acknowledged that the current crisis has been “one of the most difficult financial and economic episodes in modern history.” However, in his conclusion he noted recent, “tentative” signs that the sharp drop in economic activity may be slowing. He cited recent data on home sales, homebuilding, and consumer spending, as indicative of a leveling out of economic activity marking “the first step toward recovery.” “To be sure, we will not have a sustainable recovery without a stabilization of our financial system and credit markets. We are making progress on that front as well, and the Federal Reserve is committed to working to restore financial stability as a necessary step toward full economic recovery,” he stated. He added, “I am fundamentally optimistic about our economy.” Use the resource link below to access the Fed chairman’s speech.
Other Resources

RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
5 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
6 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
7 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
9 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
9 hours ago