Bernanke: Long-Term Sustainable Unemployment Rate 5%-6%

November 2013
Bond Buyer;11/15/2013, Vol. 122 Issue F345, p1
Trade Publication
The article presents views of Federal Reserve Board chairman Ben Bernanke on the sustainable unemployment rate in the U.S. as of November 2013 during a webcast in Washington State. He believes that the nation can get the unemployment rate at 5-6 percent but still the nation is in incomplete recovery from global financial crisis from 2008-2009. He mentions that the Federal Reserve lowers the interest rates when unemployment rate is high and inflation is low.


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