Sunday, July 26, 2009

Fed's Bernanke: Jobless Rate to Stay High

Bernanke is indebting Americans with massive debt to enslave the nation. Anyone does not know that? http://www.cnbc.com/id/32160720/print/1/displaymode/1098/

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The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday.

Taping a "Bernanke on the Record" special that will air on PBS this week, the top U.S. monetary policy-maker defended the aggressive, even unorthodox actions taken by the Fed during the long recession and deep financial crisis.

"I was not going to be the Federal Reserve Chairman who presided over the second Great Depression," Bernanke said.

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