Political Quotes

On the recordJune 2, 2009
The historical experience is that the labor market tends to lag the business cycle.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Bernanke explains that unemployment often remains high even as the economy recovers.

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The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.

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monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems

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The political challenge is to figure out how to do that.

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