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Bernanke continued to dodge all questions about his own future. It is widely expected that he will step down when his current term has chairman ends on Jan. 31. But he has not publicly stated this intention.
of the improvement in the unemployment rate not all, but most is due to job creation, he said.
Since the bond purchases began a year ago, the unemployment rate has fallen to 7.3 per cent, the lowest since 2008. Yet the rate has dropped in part because many people have stopped looking for work and are no longer counted as Nike Shoes Velcro
we will be looking at is the overall labour market situation, including the unemployment rate Nike Shoes Sale With Price
you will indulge me just a little longer, I prefer not to talk about my plans, Bernanke told a questioner. But he said he hoped to have information to divulge Treasury Secretary Lawrence Summers announced on Sunday he was withdrawing his name from consideration. That has left as the leading contender Fed Vice Chair Janet Yellen. The administration said this week that President Barack Obama intends to nominate a successor this fall.
WASHINGTON Chairman Ben Bernanke said Wednesday there is fixed schedule or number for when the Federal Reserve will start to slow or end its bond purchases.
During a news conference after the meeting, Bernanke said the Fed could still reduce the $85 billion a month in bond purchases later this year. But he said that hinges on the economy showing sustained improvement. And he clarified that the program won necessarily end when unemployment reaches 7 per cent.
Bernanke says there is no fixed schedule for Fed to slow bond purchases
don recall stating that we would do any particular thing at this meeting, Bernanke said. can let market expectations dictate our actions. / content >
but other factors as well. There is no magic number, Bernanke said.
two day policy meeting that it will continue to buy bonds at the current pace while it awaits conclusive evidence that the economy is strengthening. The bond purchases are intended to keep long term borrowing rates low to boost spending and economic growth.
Bernanke rejected a suggestion that the Fed decision not to begin trimming its bond purchases had confused financial markets, which had widely expected a move.
The Fed said after its Nike Sneakers 2017 For Women
Bernanke acknowledged that the drop in the Nike Shoes For Girls Black And Red so called force participation rate has understated the amount of unemployment in the economy. Still, he says several other measures of the job market show progress.
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