Thursday, March 12, 2009

Know how the US recession was created by Federal reserve

The central bank of United state (Federal Reserve) which is responsible for regulating the supply of money has created recession in US economy..

The Causes of Us Recession
According to US Federal Reserve chief Ben Bernanke the US recession can last up to 2010 if proper steps is not taken by the government for proper functioning of US market and to stimulate economic activity.He also pointed out that export would be hit as the global nature of the downturn was a threat.But if the Obama administration and the central bank took some measure to restore financial stability then 2010 we will be on our way to recovery.

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