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Bernanke Doesn’t See V-Shaped U.S. Recovery After Steep Fall

  • Former Fed chair sees interest rates at zero for a long time
  • Bernanke says case can be made to stop bank dividend payouts
Ben Bernanke
Ben BernankePhotographer: Andrew Harrer/Bloomberg

Former Federal Reserve Chairman Ben Bernanke says he doesn’t see a quick, sharp rebound in the economy after a precipitous fall this quarter on efforts to slow the spread of the coronavirus pandemic.

“I don’t think it’s going to be a rapid” bounce back, he told a virtual discussion hosted by the Brookings Institution on Tuesday. “We’ll probably have to restart activity fairly gradually and there may be subsequent periods of slower activity again.”