Geithner says economic recovery could be 'a little choppy'

Published Saturday October 31st, 2009
Source: CanadaEast.com

WASHINGTON - Treasury Secretary Timothy Geithner says the U.S. economic recovery "could be a little choppy" and it's going to take a while.

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THE ASSOCIATED PRESS/Charles Dharapak
Treasury Secretary Timothy Geithner gets ready to testify on Capitol Hill in Washington, Thursday, Oct. 29, 2009, before the House Financial Services Committee at a hearing titled "Systematic Regulation, Prudential Matters, Resolution Authority, and Securitization".

Geithner told NBC's "Meet the Press" that bringing back jobs and confidence of investors will be the real test of recovery. He declined to say whether the recession is over, saying economists will figure that out years from now.

Geithner said in the interview that will air Sunday that this recovery will be different than in the past because Americans are going to have to save more.

He noted that a lot of damage was caused by the crisis but there are encouraging signs.

An excerpt of the interview was released Saturday night.

 
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