If actions taken by the administration for Congress and the Federal Reserve are successful in restoring some measure of financial stability, and only if that's the case, in my view, there's a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.
Fed Chairman Ben Bernanke discusses the potential for recovery if government actions are successful.
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an increasing share of losses have arisen from prime mortgages that were originally fully documented with significant downpayments, but have defaulted due to the weak economy and housing markets.
I sincerely believe our central bank's actions have provided critical support for our Nation's economic recovery.
I think it is consistent with our mandate and with our current policy to maintain price stability, and that is what we have been achieving.
We want to deploy it in ways that have the greatest benefit for the least cost.
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