Economy Expected to Grow in the Second Half of 2009
According to Federal Reserve Chairman Ben Bernanke, the national economy should start growing again later this year, but warned that economic activity is expected to be slow to gain momentum. Since December 2007, the start of the economic recession, more than 5.1 million jobs have been lost and Bernanke notes that the unemployment rate could remain high in the short term. This news is the Fed’s most optimistic assessment of the country's financial health since last year. Although the housing market has been in a slump for the past three years, indicators are showing some signs of bottoming, and consumer…
