On the recordDecember 2, 2009
The unemployment rate is very high, and it is a tremendous problem, and it obviously means a lot of hardship for a lot of people.
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congress.govEditor's note · Context
Bernanke acknowledges the severity of the unemployment crisis.
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Feb 25, 2013
the CBO agrees that the Federal Reserve's balance sheet policies are with very high probability going to be a very significant boom to the taxpayer in terms of returns to the Treasury.
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We want to deploy it in ways that have the greatest benefit for the least cost.
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Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health.
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