Arab Today, arab today bernanke us economy to fare better in coming quarters
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Bernanke: US economy to fare better in coming quarters

Arab Today, arab today

Arab Today, arab today Bernanke: US economy to fare better in coming quarters

Washington - XINHUA

US Federal Reserve Chairman Ben Bernanke on Friday predicted that the U.S. economy will fare better in coming quarters supported by easing fiscal policy headwind, a recovering housing market and ongoing monetary policy stimulus. "The combination of financial healing, greater balance in the housing market, less fiscal restraint, and, of course, continued monetary policy accommodation bodes well for U.S. economic growth in coming quarters," he said at the Annual Meeting of the American Economic Association held in Philadelphia, the U.S. state of Pennsylvania. The U.S. economy has made "considerable progress" since the recovery officially began some four and a half years ago, said Bernanke, whose terms ends on Jan. 31. "The unemployment rate has fallen from 10 percent in the fall of 2009 to 7 percent recently. Industrial production and equipment investment have matched or exceeded pre-recession peaks. The banking system has been recapitalized, and the financial system is safer," according to his prepared speech. The nation's unemployment rate edged down to 7 percent in November, its lowest level in five years, figures from the Labor Department showed. "Despite this progress, the recovery clearly remains incomplete. At 7 percent, the unemployment rate still is elevated. The number of long-term unemployed remains unusually high, and other measures of labor underutilization, such as the number of people who are working part time for economic reasons, have improved less than the unemployment rate," Bernanke added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bernanke us economy to fare better in coming quarters Arab Today, arab today bernanke us economy to fare better in coming quarters

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bernanke us economy to fare better in coming quarters Arab Today, arab today bernanke us economy to fare better in coming quarters

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday