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Bernanke: Economy "won't feel terrific"

By Anonymous

From Sewell Chan at the NY Times: Bernanke Forecasts a Fitful Recovery

?My best guess is that we?ll have a continued recovery, but it won?t feel terrific,? Mr. Bernanke told the broadcast journalist Sam Donaldson in a question-and-answer session at the Woodrow Wilson International Center for Scholars.
...
?Even though technically we?ll be in recovery and the economy will be growing, unemployment will still be high for a while and that means that a lot of people will be under financial stress,? he said.

The Asian markets are up somewhat tonight.

The CNBC Pre-Market Data shows the S&P 500 up about 5 points and the Dow futures are up about 40 points.

The Euro is up slightly at 1.196 dollars

Best to all.

Full post as published by Calculated Risk on June 08, 2010 (boomark / email).