Former chairman of the Federal Reserve: the current situation is not that the great depression will rebound rapidly after a sharp recession

category:Finance
 Former chairman of the Federal Reserve: the current situation is not that the great depression will rebound rapidly after a sharp recession


The U.S. economy will rebound rapidly after a sharp recession, and Bernanke believes that no matter how hard the labor market and enterprises are hit during the outbreak, they will rebound soon.

Bernanke also praised the measures taken by the current chairman of the Federal Reserve, Powell.

The Fed is very forward-looking, Powell and his team are very diligent and have effectively controlled the situation, showing that they can come up with a package of plans to help the economy operate normally in the epidemic period.

Bernanke served as chairman of the Federal Reserve from 2006 to 2014, leading the Federal Reserve in its response to the financial crisis and its aftermath. Before he became chairman of the Federal Reserve, Bernanke was an economist known for his research on the great depression. Powell joined the Federal Reserve in 2012 as a board member. The emergency measures taken by the Federal Reserve, such as the restart of quantitative easing, the use of emergency loans and other liquidity tools, all originated from the creation of Bernanke in response to the crisis.