Quote of the Day – Fed Chief Ben Bernanke

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The best thing we can say about the labor market right now is that it may be getting worse more slowly …. Jobs are likely to remain scarce for some time.
– U.S. Fed Chairman Ben Bernanke in a talk delivered at the The Economic Club of New York in New York City a few minutes ago (around 12:38PM).

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One Response to "Quote of the Day – Fed Chief Ben Bernanke"

  1. kvanand4   November 17, 2009 at 7:05 am

    on one front they say that market is recovering while on main street, people are hungry & jobless. god bless uncle sam

    SearchIndia.com Responds:

    You may have seen this piece Hunger in U.S. at a 14-Year High yesterday in America’s paper of record. Here’s an excerpt from the NYT piece:

    The number of Americans who lived in households that lacked consistent access to adequate food soared last year, to 49 million, the highest since the government began tracking what it calls “food insecurity” 14 years ago, the Department of Agriculture reported Monday.

    The increase, of 13 million Americans, was much larger than even the most pessimistic observers of hunger trends had expected and cast an alarming light on the daily hardships caused by the recession’s punishing effect on jobs and wages.

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