Fed Chief Says Unemployment to ‘Remain Elevated’
February 09, 2011 at 11:01 AM EST
Fed Chairman Ben S. Bernanke said the unemployment rate is likely to remain high “for some time” even after the biggest two-month drop in the jobless rate since 1958. Bernanke told the House Budget Committee today that while the declines in the jobless rate in December and January “do provide some grounds for optimism,” he [...]
