Bernanke to lawmaker: Jobless recovery may loom

Mon Jul 13, 2009 4:42pm EDT
 
[-] Text [+]

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke sees the possibility of continued high unemployment even after the recession loosens its grip, a key U.S. senator said on Monday after talking to him.

"It was a rather sobering meeting," Richard Shelby, an Alabama Republican, said on CNBC.

"I said, ... 'Could this be a jobless recovery?' ... and he said it could be," Shelby said.

 

More News

Bernanke: back to Clark Kent: Christopher Swann
Tuesday, 11 Aug 2009 08:40am EDT 
Geithner repeats strong dollar in U.S. interest
Friday, 10 Jul 2009 04:13pm EDT 
Bernanke very likely to get 2nd Fed term: poll
Friday, 10 Jul 2009 02:39pm EDT 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video