Economics
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
This article is for subscribers only.
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.”