• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Bernanke: Speed up growth to create jobs

Mar 26 2012 14:12 Reuters

Related Articles

Bernanke: Risk from Europe has eased

Bernanke remarks spook markets

Bernanke cautious on US recovery, jobs

Bernanke vows to shield US from EU woes

Bernanke: Fed will act on EU fallout

Fed: No rate hikes until late 2014

 

Washington - The US economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further, Federal Reserve chairperson Ben Bernanke said on Monday.

Bernanke said the recent decline in jobless rate, which dropped from 9.1% last summer to 8.3% in February, was “somewhat out of sync” with the rather modest pace of economic growth.

US gross domestic product grew 3% in the fourth quarter, but is expected to have slowed to just below 2% in the first three months of this year.

“Further significant improvements in unemployment will likely require faster economic growth than we experienced during the past year,” Bernanke told a gathering of the National Association for Business Economics.

 
us federal reserve  |  ben bernanke  |  us economy

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Business tips from the world’s billionaires

We share some of the world's most successful people's greatest tips and who knows, this might just lead you to your first million!

 
 

Luxury living

5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
What to expect inside a royal nursery

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...