News Forum

Bernanke Says Economy Better BUT.....

 
 



Go Back   News Forum > Top Stories > Breaking News
Breaking News Forum Bernanke Says Economy Better BUT..... at News Forum - Ben Bernanke Fed Reserve Boss says economy is getting better , but we still need to use the $600 Billion ...

Reply
 
LinkBack Thread Tools Display Modes
Old 01-07-2011, 12:42 PM   #1
Member
 
Join Date: Oct 2010
Location: USA
Posts: 46
Default Bernanke Says Economy Better BUT.....

Ben Bernanke Fed Reserve Boss says economy is getting better , but we still need to use the $600 Billion Bond deal for more employment growth. China does not like that.

Federal Reserve Chairman Ben Bernanke says it will take years for jobs to come back | cleveland.com

Last edited by marshmallow; 01-07-2011 at 12:45 PM. Reason: add more info
marshmallow is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 02-04-2011, 01:22 AM   #2
Senior Member
 
Join Date: Aug 2007
Location: Okolona, Ky.
Posts: 26,337
Red face

Bernanke feels their pain...

Pain of the Jobless Belies Rosier Economic Outlook From Bernanke
Feb 3, 2011 - The U.S. economy is doing better -- unless you're out of work or worry about the cost of buying gasoline and putting food on your table.
Quote:
That was an unspoken bottom line of Federal Reserve Chairman Ben Bernanke's speech today at the National Press Club in Washington, where he asserted that the U.S. economic recovery is back on track and that the emergency measures taken by the Fed are working. "Overall," Bernanke said, "improving household and business confidence, accommodative monetary policy, and more-supportive financial conditions, including an apparent increase in the willingness of banks to make loans, seems likely to lead to a more rapid pace of economic recovery in 2011 than we saw last year."

The Fed chief pointed to a pickup in household spending in recent months and robust growth in businesses' appetite for new equipment and software as evidence of a self-sustaining recovery. He also argued that the strengthening stock markets and lower borrowing costs for companies that issue bonds paint a picture that "lends credence" to the view that the Fed's decision in November to pump $600 billion into the economy is "providing significant support to job creation and the economy."

But Bernanke acknowledged that "the job market has improved only slowly," and that the gains in private-sector employment last year -- following the loss of about 8 1/2 million jobs in 2008 and 2009 -- "were barely sufficient to accommodate the inflow of recent graduates and other new entrants to the labor force and, therefore, not enough to significantly reduce the overall unemployment rate." Still, he cited recent "grounds for optimism on the employment front," and in particular a downward trend in the first-time claims for unemployment insurance that are reported each week by the Labor Department.

MORE
waltky is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bernanke says US economy on cusp of recovery NF Reporter Breaking News 2 07-29-2011 08:20 AM
Bernanke: Economy should grow again later in 2009 NF Reporter Breaking News 1 05-28-2009 01:05 AM
Bernanke, Paulson set to discuss economy NF Reporter Breaking News 4 08-26-2008 09:51 PM
Bernanke says economy faces difficulties NF Reporter Breaking News 3 08-05-2008 03:09 PM
Bernanke says Fed prepared to help U.S. economy NF Reporter Business 3 05-10-2008 09:51 PM


All times are GMT -5. The time now is 08:49 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

SEO by vBSEO 3.2.0 ©2008, Crawlability, Inc.