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 November 18, 2009

Federal Reserve Chairman Sees a Need for Continued Economic Stimulus
In a speech made at the Economic Club of New York, Federal Reserve Chair, Ben Bernanke offered up his most detailed comments on the state of the United States economy in months. His words focused on unemployment an also reiterated that inflation levels would remain under control and that he planned on keeping interest rates at current rock-bottom levels.
Bernanke pointed out that the central bank's policies will help to keep the value of the dollar strong. He believes that the economy will experience continued growth in the coming year. Some obstacles which will be faced are constrained bank lending and an ongoing weakness in the job market.

The threat of rising inflation will be constant and can be averted if properly monitored. The jobless rate in the nation increased to just over 10% in the month of October, and is unfortunately forecasted to keep increasing at a slow pace throughout most of 2010. Bernanke believes that as some moderate economic growth occurs, the jobless rate will decrease slowly.