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Bernanke / There’s a long way to go before raises rates

So with actual job creation still fairly muted and inflation—at least as gauged through conventional government measures—well below the Fed’s 2.5 percent warning sign, interest rates probably aren’t going anywhere for years.

Bernanke said as much Tuesday in remarks at the National Economists Club annual dinner in Washington.

He warned against using the headline unemployment measure as a gauge because “many other indicators become relevant to a comprehensive judgment of the health of the labor market, including such measures as payroll employment, labor force participation, and the rates of hiring and separation.

“In particular, even after unemployment drops below 6.5 percent, and so long as inflation remains well behaved,” he continued, “the (Fed Open Markets) Committee can be patient in seeking assurance that the labor market is sufficiently strong before considering any increase in its target for the federal funds rate.”

Chosen excerpts by Job Market Monitor. Read the whole story at 

cnbcvia There’s a long way to go before Fed raises rates.



  1. Pingback: US Monetary Policy / On unemployment vs the fear of inflation | Job Market Monitor - January 9, 2014

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