Bernanke: Economic Recovery Still Needs Fed's Help

[sabra]

Source: CNBC

Federal Reserve Chairman Ben Bernanke said on Thursday that despite recent signs of improvement in the U.S. economy, the recovery still needs help from the Fed.

"Although economic growth will probably increase this year, we expect the unemployment rate to remain stubbornly above, and inflation to remain stubbornly below, the levels that Federal Reserve policymakers have judged to be consistent over the longer term with our mandate," he said in remarks prepared for delivery to the National Press Club.

Bernanke provided a modestly more rosy outlook for the world's largest economy than in previous speeches, citing gains in household spending, improved confidence, and stepped up bank lending as signs 2011 may see stronger growth than 2010.

Even the hard hit job market shows some grounds for optimism, Bernanke said.

Read more: http://www.cnbc.com/id/41408697

[RandomThoughts]

1. The fact that something needs the 'feds' help.

If not given, shows that decision can be removed from the control of the fed, if they can not argue their position.


And I am still due beer and travel money, and many experiences. Those that can not pay that, as said before do not owe that debt, and as far as I am concerned are considered free of debt.

those that can...

[defendandprotect]

2. Federal Reserve = Wizard of OZ ... Private bank in charge of our economy and employment--????

Please America -- wake up!!

[pam4water]

3. Ben Noclueke.

[TatonkaJames]

4. That can be fixed

Start a WPA program, put people to work in construction and more jobs will follow from that alone.
More tax revenues will be collected, more goods purchased and more jobs needed.
Nah, it's easier for them to just take our money.