Wednesday, September 16, 2009

Bernanke: Recession in the U.S., probably ended

Recession in the U.S. is probably over, said the head of the Federal Reserve System (FRS) Ben Bernanke in Washington.

"Although from a technical point of view of the recession, most likely, ended at the moment, the economy continues to be very weak for some time" - quoted him as saying the agency Bloomberg.

Bernanke also noted that the dimensions of the so-called "shadow banking system, including the securitization of loans are likely to be less and will be subject to greater regulation by the supervisory authorities than it was before the financial crisis.



"I assume that the" shadow "banking system, at least in the medium term, will not return to that level, which was earlier," - said the head of U.S. Central Bank.

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