Bernanke: Economy Moving, But Not Enough to Lift Jobs

Federal Reserve Board Chairman Ben S. Bernanke said Thursday that low inflation and high unemployment would normally trigger rate cuts, if they weren't already near zero and if growth were stronger.

"Growth has not been fast enough to bring about a significant improvement in the job market," Bernanke said in prepared remarks released by the Fed. He defended the asset-purchase program, saying the Fed has the tools to exit it at the appropriate time.

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