“I don’t think we’re headed to a recession, but no question we’re in a slowdown,” Bush said.
Maybe Bush thought they mean recess.
“I realize that my testimony wasn’t the most cheerful thing you’ll hear today … but I do very much believe that the U.S. economy will return to a strong growth path with price stability,” Bernanke told the Senate Banking… right before he promised to slash rates furthe just to spite RP for making a fool out of him.
“I don’t anticipate stagflation,” he told lawmakers. “I don’t think we’re anywhere near the situation that prevailed in the 1970s.” Bernanke said he expects inflation to calm down… as he loads the printing presses up for another all nighter.
