It's All in Where You Put Your Emphasis
According to a report from FoxNews.com, Federal Reserve Chairman Ben Bernanke has hopes that the recession will end later this year:
The economy is suffering a "severe contraction," Federal Reserve Chairman Ben Bernanke told Congress on Tuesday. But he planted a glimmer of hope that the recession might end this year if the government managed to prop up the shaky banking system, and Wall Street rallied.Reuters carried the same story, and relied upon exactly the same statement, to draw a rather different inference:
U.S. Federal Reserve Chairman Ben Bernanke warned on Tuesday that unless government efforts succeed in restoring financial stability, the nation's recession may not end this year.H.T.:James Taranto.