Bernanke, Obama Agree: No Double-Dip

But “until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established,” he said, adding that inflation “should moderate” given stable expectations and commodity prices. (The market dipped after his speech, apparently because Bernanke signaled no further Fed action.) Earlier, at a White House press conference with German chancellor Angela Merkel, President Obama sounded a similar theme: “I'm not concerned about a double-dip recession," he said, according to Fox News. "I am concerned about the fact that the recovery that we're on is not producing jobs as quickly as I want it to happen.”