Former Fed Chairman Ben Bernanke sees very sharp recession, followed by fairly quick rebound

Former Federal Reserve Chairman Ben Bernanke predicted the U.S. economy is heading into a sharp recession that should be followed by a “fairly quick rebound.”

“It is possible there’s going to be a very sharp, short, I hope short, recession in the next quarter because everything is shutting down of course,” he said.

Bernanke spoke Wednesday to CNBC’s “Squawk Box.”

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