Bernanke upbeat on economy's recovery
February 03, 2011 11:46:00 PM
By Kevin G. Hall
WASHINGTON — Federal Reserve Chairman Ben Bernanke pointed Thursday to "increased evidence" of a self-sustaining economic recovery and strongly rejected suggestions that his policies are driving up global food prices and destabilizing Egypt and other emerging markets.
The Fed chairman was unusually upbeat on the U.S. economy's outlook, noting in a speech at the National Press Club that "we have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold."