Fed chair sees the plateau


Ben Bernanke said that a stabilized financial system will lead to a leveling out of the current downward trends in the economy, and said to his way of thinking a moderation of the rate of decline will signal the end of the recession. And he said he expects to see it level off this year. Although there are likely more painful times between where we are now and where the level place is, he expects that a full-blown depression has been averted and that 2010 will be a recovery year.

RBR/TVBR observation: Uhhhh, sounds good to us. Can we get that in writing, please?