Calling the persistently high rate of unemployment a “grave concern,” language that several experts described as unusually strong, Mr. Bernanke made clear that a recent run of tepid rather than terrible economic data had not altered the Fed’s will to act, because the pace of growth remained too slow to reduce the number of people who lack jobs. ---------Bernanke Speech Makes Detailed Case for Fed Action - NYTimes.com
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Saturday, September 1, 2012
Bernanke Speech Makes Detailed Case for Fed Action - NYTimes.com
Calling the persistently high rate of unemployment a “grave concern,” language that several experts described as unusually strong, Mr. Bernanke made clear that a recent run of tepid rather than terrible economic data had not altered the Fed’s will to act, because the pace of growth remained too slow to reduce the number of people who lack jobs. ---------Bernanke Speech Makes Detailed Case for Fed Action - NYTimes.com
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