Crisis "nothing like" Great Depression: Bernanke

Ben Bernanke, the chairman of the Federal Reserve and a scholar on the Great Depression, has rebuked suggestions that the current financial climate is similar to that of the 1930s.

In remarks following a speech on Thursday, Bernanke acknowledged that the current climate is "among the most severe episodes for the postwar era" but said that "we aren't experiencing anything remotely like" the Great Depression.

The International Monetary Fund's latest World Economic Outlook, published on Thursday