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Federal Reserve Bank of San Francisco President Janet Yellen doesn't agree with Fed head Bernanke on the chances of an economic recovery starting before 2010.
Yellen told the Forecasters Club of New York, "I share the guarded optimism of most professional forecasters that the economy may begin to grow within the next several quarters. But I must admit that I see considerable downside risk, and my confidence in this outlook is greatly diminished by the nearly unprecedented set of circumstances we face."
Those words don't exactly encourage a great deal of optimism, do they?
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