Contact Us
Make My Homepage

U.S. Unemployment Could Remain High, Says Bernanke

Federal Reserve Chairman Ben Bernanke says that without faster economic growth, it could take “a few more years” for unemployment to decline to a normal rate.

Federal Reserve Chairman Ben Bernanke
Win McNamee, Getty Images

In an interview with ABC News, Bernanke says he is sleeping better these days because the U.S. financial system looks stronger, and threats from Europe’s debt crisis look less worrisome. He says the jump in gas prices should have only a moderate effect on growth.

But Bernanke says the economy isn’t strong enough to continue to reduce unemployment quickly. The unemployment rate has declined from 9 percent in September to the current 8.3 percent.

Further declines to a healthy level between 5 percent and 6 percent would require a pickup in economic growth, Bernanke says.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!