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Archive for February, 2010
The words from the Governor is in his semiannual report to Congress.
He expects unemployment will remain high, and that the central bank, therefore, must continue its stimulating policy.
- After having gone back in the year and a half turned the economic activity in the United States up in the second half of 2009, supported by an improvement in the aion kinah economic conditions, the stimulus from monetary institutions and an improvement in the international economy, “said Bernanke in his report.
Due to a number of factors such as brakes on economic progress, he believes nevertheless that the key rate will have to be “exceptionally low”.