Ben Bernanke Speaks…

Federal Reserve Chairman Ben Bernanke doesn’t believe the nation will slip into a recession, rejecting the notion raised by predecessor Alan Greenspan that the economy’s expansion could be in danger of fizzling out.

http://news.yahoo.com/s/ap/20070328/ap_on_bi_ge/bernanke_30

Bernanke said the growing troubles in the market for risky mortgages doesn’t appear to be spreading to the overall economy. “At this juncture … the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,” he said.