Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Bernanke: Long-term unemployment a national crisis

(Washington)-the us federal reserve board chairman Ben bernanke said Wednesday the unemployment is the United States for a long time, the country's "crisis", and suggested that congress should take further action to fight against. He also said congress should provide more help battered housing industrialization.
Bernanke pointed out that about 45% of the work has been unemployed for at least six months.
He said: "this is unheard of," he questions and his recent question-and-answer session after, in Cleveland says. "This has never happened in the United States of the post-war period, they lose them, and they are losing their connection, the attachment of the labor force skills."
He added: "we unemployment, the employment situation, and it really is a national crisis."
Bernanke said that the government needs to provide support to help the long-term unemployed again of training and employment to look for a job. He suggested, congress should take more responsibility.
In answer to the question, bernanke said, long-term unemployed, budget discipline and housing policy, because the United States congress may contribute to economic recovery of the three most important fields.
"Of course, there are other decision makers may help some place," he said.
Bernanke's comments as one of his public effort to get congress to act, and further to develop the economy of the latest. He suggested, the fed can realize sought to cut long-term interest rates by the policy, only so much.
"The federal reserve has made great efforts, trying to help economic recovery and stability", although the control of interest rate, or monetary policy, he said. These policies promote interest rate reached new low.
"Monetary policy can do many things, but monetary policy is not everything," bernanke said.
In the housing crisis, bernanke said, strong government plan to help industry recovery will help the fed their efforts to drive the mortgage interest rates, the lowest level in decades, in order to improve the housing.
In the speech, bernanke said, the United States and other wealthy countries can from the fast growth the developing countries a some lessons to learn.
He said such as China, the success of the emerging economies through the discipline of the budget policy, embrace release, public investment and trade support education.
"Such as the United States developed economies will do well to learn some from emerging market economies, such as the discipline of the importance of fiscal policy, experiences and lessons," bernanke said.
But in question and answer period, bernanke warned the United States congress against too quickly cut the deficit cut its budget deficit. He said, may threaten the fragile economy.
Bernanke pointed out that in the speech, emerging markets such as China account for the global economy, and a growing share, so they need to take corresponding actions.
"Bernanke said," with the scale and influence to assume greater responsibility.
To promote the economic growth they export dependence, emerging countries will be in the challenges of the future, he said:
Obama government has been pushing of the 20 leading economies, including the traditional powers, such as the us and emerging economies such as China, Brazil and India, to stimulate domestic demand, not rely on exports to rich countries so serious group.




Other News:
Bernanke: Long-term unemployment a national crisis
Axelrod: Obama faces 'titanic struggle'
Greece faces auditor verdict, fresh aid at stake
Greece: will get loans in time to avoid default
Feds: US man planned to blow up Pentagon
Congress dodges shutdown after disaster aid fight
Libya's new rulers believe Gadhafi hiding in south
Recession drove up poverty rates in most states