On the recordDecember 2, 2009
Well, it is technically a recovery in that it is growing and that we are no longer declining, but it is certainly not a satisfactory situation since we have a 10-percent unemployment rate.
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congress.govWell, it is technically a recovery in that it is growing and that we are no longer declining, but it is certainly not a satisfactory situation since we have a 10-percent unemployment rate.
Bernanke describes the economy as recovering but still unsatisfactory due to high unemployment.
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the unemployment rate right now is not a very good measure by itself of the economy.
I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.
the worst financial crisis in global history, including the Great Depression.