Highlights From Fed Chairman Ben Bernanke's Jackson Hole Speech - Real Time Economics - WSJ
“The unemployment rate remains more than 2 percentage points above what
most FOMC participants see as its longer-run normal value… The
stagnation of the labor market in particular is a grave concern not only
because of the enormous suffering and waste of human talent it entails,
but also because persistently high levels of unemployment will wreak
structural damage on our economy that could last for many years… Taking
due account of the uncertainties and limits of its policy tools, the
Federal Reserve will provide additional policy accommodation as needed
to promote a stronger economic recovery and sustained improvement in
labor market conditions in a context of price stability.”
No comments:
Post a Comment