Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is not in the camp of economists worried about a double-dip recession as he defended the central bank from accusations it’s fueled a boom in commodity prices.

Although he acknowledged the economy has been surprisingly weak so far this year and there have been recent signs of a loss of momentum in the labor market, Bernanke was sanguine about the outlook, saying that both jobs and growth would pick up in the final six months of the year.

“I expect hiring to pick up from last month’s pace as growth strengthens in the second half of the year,” Bernanke said in a speech to international bankers meeting in Atlanta. Read full text of Bernanke's remarks.

 

http://www.marketwatch.com/story/bernanke-sees-job-growth-pickup-in...


YEAH!!!   RIGHT!!!!!

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