Bernanke sees 2010 recovery ‘only if’ banks stabilize

Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is in a “severe” contraction, and warned the recession may last into 2010 unless policymakers can stabilize the financial system. “If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability — and only if that ...

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Bernanke sees 2010 recovery ‘only if’ banks stabilize

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