Bernanke’s recipe for recovery

Ben Bernanke, the chairman of the Federal Reserve, says America must combine fiscal stimulus with strong government action to achieve economic recovery.

Addressing Congress last week, he said: “If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability, and only if that is the case, there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.”