Bernanke says risk of double dip "not negligible"

WASHINGTON, April 14 (BestGrowthStock) – The risk of the United
States slipping back into recession is “not negligible” but it
has diminished in recent months, Federal Reserve Chairman Ben
Bernanke said on Wednesday.

The U.S. economy resumed growth in the third quarter of
2009, and both retail sales and recent jobs data have suggested
improvement in consumer demand and the labor market.

“There’s a pretty broad view that we’re seeing some
building momentum in final demand,” Bernanke said during
testimony in Congress.

“Consumer spending looks to be picking up. At least
equipment and software investment looks healthy, the broader
global economy is stronger which implies more exports.”

“So, it looks like we’re on a path to moderate recovery and
that the risk of a double-dip, while certainly not negligible,
is certainly less than it was a few months ago. That being said
there are any number of possible things that could derail it.”
Investing Basics

(Reporting by Pedro Nicolaci da Costa and Emily Kaiser;
Writing by Patrick Graham; Editing by James Dalgleish)

Bernanke says risk of double dip “not negligible”