Mexican Media Brands
U.S. Job Gains Not Enough to End Fed Easing
American employment is improving.
#economics #workforcedevelopment
Share
American employment is improving. But the Federal Reserve won't end its economic stimulus program until it is sure the jobs trend will continue, according to Chairman Ben Bernanke.
Fed policymakers voted on Thursday to maintain the bank's $85 billion-per-month bond-buying program and leave its key overnight lending rate near zero. Central bankers still see "downside risks" to the U.S. economy.
Bernanke says that the Fed would vary the monthly amount of bonds it buys based on the economy's performance a signal that the bank is developing a strategy for winding down the program, analysts say.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.