Recently, Federal Reserve Chairman, Mr. Ben Bernanke, was interviewed by TV Journalist Sam Donaldson at the Woodrow Wilson International Center for Scholars in Washington. In the interview, he disclosed that there is uncertainty over the fears that the country will be gripped by double-dip recession. Mr. Bernanke said that he is hopeful of an economic recovery.

Mr. Bernanke revealed that consumer spending and investment have got an impetus and this will ensure economic recovery. However, he warned that the recovery will not take place at a faster pace. It will still be time before 8 million people who lost their jobs, get back to work.

He also added that unemployment is bound to continue for the time being and consequently there will be an increase in the stress levels of people.

Mr. Bernanke spoke at length about various issues concerning economic scenario in the country. Bernanke said he couldn't foresee an increase in the interest rates. He further added that it is dependent on the number of factors like the state of the economy, unemployment rates and inflation trends.

In the interview Bernanke also stressed that it is the necessary for U. S. leaders be in charge of nation's deficits over the medium term. According to him, it will help in bringing the fiscal house in order.