RSS
Fed officials project dismal jobs outlook
Federal Reserve Chairman Ben Bernanke may face Congressional hearings this month on the possibility of state-declared bankruptcy.
Federal Reserve Chairman Ben Bernanke may face Congressional hearings this month on the possibility of state-declared bankruptcy.
Getty
O

fficials at the Federal Reserve believe that the U.S. unemployment rate could remain elevated for the next five to six years, according to the minutes released Wednesday of their most recent policy-making meeting in June. However, only a "few" of the 12 officials advocated taking more aggressive action to jumpstart economic growth. Others said they would consider new stimulus measures — such as purchasing more Treasuries and other assets — if the economy took a turn for the worse. 

EDITORS' PICKS

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week