Bernanke signals explicit willingness to combat unemployment
Federal Reserve Chairman Ben Bernanke Thursday signaled an explicit willingness to use monetary policy to combat unemployment, stressing that the Fed would not be ``premature in removing accommodation, even after the unemployment rate moves down decisively.''
Federal Reserve Chairman Ben Bernanke told Congress recently that he expected the US economic recovery to continue at a moderate pace, but he expressed concerns about weakness in residential and commercial construction as well as the ``quite weak'' labor situation that has lifted chronic unemployment to very high levels.