Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bernanke: We See 'Tentative' Signs of Recovery

9:14 A.M.: Bernanke plans to say later this morning that he is seeing signs of economic improvement.

"Recently we have seen tentative signs that the sharp decline in economic activity may be slowing," Bernanke plans to say, according to remarks prepared for students and faculty at Morehouse College in Atlanta.

You can read Bernanke's entire speech here.

Bernanke's remarks cite improvements in recent data on home and auto sales, home building and consumer spending.

Arguing against Bernanke's remarks, however, are two pieces of data out this morning: Consumer spending dropped unexpectedly in March, according to the Commerce Department, and wholesale prices drop more than forecast last month.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  April 14, 2009; 3:50 PM ET
Categories:  The Ticker  | Tags: Ben Bernanke, Wholesale prices, retail  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Bernanke: Minorities Need To 'Strengthen Their Financial Literacy'
Next: Markets Open Down Slightly

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company