The Spectacle Blog

In the “Check Is in the Mail” Category

By on 5.5.09 | 10:17AM

"Bernanke Says Growth Will Resume Later This Year," reads the WSJ News Alert I just received:  

The U.S. recession appears to be losing steam, with growth likely to resume later this year on the back of firmer household spending, a bottoming housing market and an end to inventory liquidation, Fed Chairman Ben Bernanke said Tuesday. But Bernanke said that the recovery will probably be slower than usual, and warned that the unemployment rate may stay high "for a time" as businesses remain cautious about new hiring.

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