2013-09-18latimes.com

"Conditions in the job market today still are far from what all of us would like to see," Bernanke said at a news conference after the policy-setting Federal Open Market Committee voted to continue its bond-buying program at the same pace.

...

"The unemployment rate is not necessarily a great measure in all circumstances of the state of the labor market overall," Bernanke said. "There is no magic number we are shooting for. We are looking for overall improvement in the labor market."

Bernanke's comments came after Fed policymakers stunned most economists by voting to keep its bond-buying stimulus program unchanged.



Comments: Be the first to add a comment

add a comment | go to forum thread