World

Apr 2: Bernanke says recession possible

Apr 2 16:46 - Federal Reserve chairman Ben Bernanke told a Congressional panel that the economy will get worse before it gets better. He told the Joint Economic Committee that the economy could contract in the first half of the year. He said the economy should pick up in the second half of the year, as aggressive interest rate cuts stimulate growth, and financial and housing market woes recede.