Chairman of the Federal Reserve, the United States’ central bank, Ben Bernanke said Tuesday that recovery for the U.S. economy would be dependent on stabilizing and increasing confidence in the financial system before anything else.

“Until we stabilize the financial system, a sustainable economic recovery will remain out of reach,” said Ben Bernanke, in his prepared remarks where he suggested new policies for eliminating and otherwise stabilizing financial shocks.

The field of economics which studies government stabilization policies such as those being suggested by Ben Bernanke, stabilization economics is often criticized for putting a damper on economic growth and hindering business activity.

Bernanke said that if the financial system were to be adequately supported, the economy could rebound out of recession by the end of this year.

Financial analysts are beginning to criticize Bernanke’s statements for regular fluctuations in his portrayed confidence.

“One week Bernanke says the world is ending and the economy is in ‘much worse’ condition than they expected — it may take years to recover! The next week, we’ll be fine by the end of the year, as long as we implement my new programs,” says a Canadian economics professor from the University of British Columbia, “it really feels he’s just trying to sell his various plans as being the end-all solution to what may in fact be a reduction in available productivity.”

“In the near term, governments around the world must continue to take forceful and, when appropriate, coordinated actions to restore financial market functioning and the flow of credit,” said Bernanke.

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