Possible Recession?
April 2, 2008
According to Ben Bernanke, the Federal Reserve Chairman, the US economy is not expected to improve, but will reduce over the next couple of months. Bernanke is hinting that a “recession is possible”. Even on the eve of this news, the public was not surprised but wondered if this would push the Federal Reserve Chairman to issue an interest rate cut. The US GDP is not expected to increase much during the first quarter of 2008, and might even lessen. If the GDP decreases for a least six months, the country is said to be in recession.