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Montevideo, November 22nd 2024 - 14:53 UTC

Tag: US House of Representatives' Budget Committee

  • Thursday, February 10th 2011 - 05:50 UTC

    Bernanke warns US job creation too weak and calls for budget discipline

    US Federal Reserve chairman says only one out of eight million jobs lost have been made up

    US unemployment remains too high for policymakers' comfort despite signs of strength in the economic recovery, Federal Reserve Chairman Ben Bernanke said. In testimony to the US House of Representatives' Budget Committee that largely echoed a speech he delivered last week, Bernanke also warned about the dangers of unsustainable budget deficits.