Social Cost Warning
Source: Agencies |
December 2, 2010, Thursday
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Print Edition
Print Edition
US Federal Reserve Chairman Ben Bernanke has warned of a steep social cost from a long period of high unemployment, as he and other Fed officials answered criticism of the central bank's easy money policy.
Minneapolis Fed President Narayana Kocherlakota said the Fed's controversial bond purchase program was needed given a "troubling" slowdown in US economic growth.
Minneapolis Fed President Narayana Kocherlakota said the Fed's controversial bond purchase program was needed given a "troubling" slowdown in US economic growth.
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