WASHINGTON (MarketWatch)
Federal Reserve Chairman Ben Bernanke said Monday
that he is not expecting a recession but that the central bank's is concerned
that growth will continue at a pace that is insufficient to put people back to
work
"If the economy is growing at trend or below trend that is just enough to
provide jobs for new people coming into the labor force
It does nothing to eat
into the backlog of the unemployed. Our unemployment rate of 8.1% is currently
about the same it was in January
We are not really making progress," Bernanke
told the Economic Club of Indiana in Indianapolis in response to a question
after he attempted to answer some of the fierce criticism and public unease
facing the Fed's third round of bond purchases, known as quantitative easing or
QE3.
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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