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U.S. Job Gains Not Enough to End Fed Easing
American employment is improving.
#economics #workforcedevelopment
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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.
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