Bernanke: Labor Market 'Still Far from Normal'

Originally published on Fox Business. The uneven U.S. economic recovery will have to pick up in order to quickly bring down an unacceptably high jobless rate, Federal Reserve Chairman Ben Bernanke said on Wednesday. "The job market is far from normal," he said in comments prepared for delivery to the House of Representatives Financial Services committee. Bernanke's remarks suggested another round of Fed bond buying to stimulate growth is not off the table as policymakers assess whether job market gains will persist. The drop in the unemployment rate, which fell to 8.3 percent in January, is more rapid than would be expected given the economy's sluggish rate of growth, Bernanke said. Continue reading this article here.