Econ Comments & Analysis
Market Watch | Berrnanke: Not clear if good jobs trends will last
Federal Reserve Chairman Ben Bernanke on Monday said the improvement in the labor market might not be able to be sustained, in comments the market interpreted as an indication the central bank wasn’t willing to exit its ultra-easy monetary policy.
Politico | Congress, W.H. have lost respect for federal workers
Congress and President Barack Obama have been treating federal workers like the nation’s piggy bank. They have imposed a two-year pay freeze to reduce the budget deficit, raised pension contributions of future civil servants to fund extended unemployment benefits and talked about additional compensation cutbacks that further devalue public service.
Bloomberg | Bernanke Says Accommodative Policy Needed to Cut Joblessness
Federal Reserve Chairman Ben S. Bernanke said while he’s encouraged by the unemployment rate’s decline to 8.3 percent, continued accommodative monetary policy will be needed to make further progress.
