Ben - What are you waiting for?
Fed Will Intervene if Hiring Does Not Improve: Bernanke
Interesting article, and I just can't figure out this guy. Is anyone seeing inflation?
"The Federal Reserve will try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said Thursday, offering his clearest blueprint yet for possible additional monetary easing. After three quarters of solid growth, the U.S. economy has been losing steam, with firms still reluctant to hire and the housing sector seemingly unable to exit a prolonged rut.
Bernanke's comments accompanied Labor Department data released Thursday showing new claims for state unemployment benefits spiked to 464,000 last week."
Full Article @ CNBC
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