by Calculated Risk on 4/10/2009 01:32:00 PM

From MarketWatch: Obama sees 'glimmers of hope' in the economy

"We're starting to see progress," Obama said ... However he added that the economy has a long way to go. "The economy is still under severe stress." Job losses are still creating lots of uncertainty and hardship, he said.

The WSJ has his remarks.

Q Sir, are you saying the recession is abating?

THE PRESIDENT: I’m saying we’re seeing progress.

Q You’re saying what?

THE PRESIDENT: I’ve said that we’re seeing progress.