Despite it has had one ‘ ‘ modest improvement ‘ ‘ in the conjuncture between March and April, attributed in part to the measures of aid to the financial markets, the Fed continues to foresee that the economic activity must ‘ ‘ to remain weak for some time ‘ ‘ that the inflation will be under control – or even though with some harmful risk of deflation. Uprising of Bernanke in the CongressoSegundo the president of FED, Ben Bernanke in uprising in the Congress carried through in day 05 of May, the North American contraction seems to be losing force and the growth probably must be retaken in the end of this year, reflecting an improvement of the expenses of the consumers, the real estate sector and the end of the process of liquidation of the supplies of the companies. Bernanke added, however, that the recovery probably will be slower of what the normal one and warned that the unemployment tax must remain high for some time, since the companies continue cautious in relation to the acts of contract. The unemployment tax is currently in 8,5%, the principle in 25 years. (Source: Nicholas Carr). Economists of Wall street preveem that the tax of unemployment in April, that will be divulged in this friday, will reach 8,9%.Bernanke affirmed to have ‘ ‘ signals preliminares’ ‘ of that the demand of the families if stabilizes, citing increase in the expenses of the consumers during the first trimester. ‘ ‘ The real estate market, which comes decelerating has three years, showed some signals of approach of the deep one of poo’ ‘ , it added Bernanke, citing ‘ ‘ reasonable montante’ ‘ of sales of used property, firm sales of new property and one reduced supply of available property for sale.
However, the levels of sales remain ‘ ‘ deprimidos’ ‘ , it explained. Bernanke explained despite ‘ ‘ some progresso’ ‘ it was gotten in the adjustments of the supplies of the companies and, with this better balance in relation to the sales, ‘ ‘ a reduction in the rhythm of the liquidation must offer has supported to the production in the end of ano’ ‘..