Federal Reserve Chairman Ben Bernanke said he still wasn’t satisfied with the economy’s progress, despite recent signs of improvement, and indicated that he plans to stick with the unconventional programs the central bank is using to lift output.
“… I want to be clear that while we’ve made some progress there is still quite a ways to go,” Mr. Bernanke said… The Fed has said that continuing these programs–such as an $85 billion-a-month bond-buying effort–hinges on progress in the U.S. job market.
“We would like to see a stronger labor market,” he said. “There are too many people whose skills and talents are being wasted.”
Fed Chief Sees Bond Buys Continuing (Its a reprint of a WSJ article on the NASDAQ website, so its not gated)
