In remarks at the University of San Diego, Federal Reserve Bank of San Francisco President Janet Yellen said that rather than experiencing a "V-shaped recovery," the economy will continue to be sluggish and won't be operating at its full potential until 2013.
As reasons, she cited consumer anxiety due to the high unemployment rate; a housing sector that "could weaken again"; "very nervous and exceedingly cost-conscious" businesses; and a commercial real estate market that won't contribute to growth "for some time."
For workers, though, her prognosis was particularly dire: the labor market will be slow to recover because businesses have learned that they can cut workers yet maintain output.
Obama's Broken Promises: Jobs and the Economy - 0 views
Krauthammer: Obama's been in office 4 years and he's running on Clinton's eco... - 0 views
Jobs Spin Hides Continuing Downfall of American Economy - Godfather Politics - 0 views
Rising Foreclosures Show Weak Economy - 0 views
More Proof That The Tea Party Is Sabotaging The Economy To Make President Obama Fail | ... - 0 views
2More
Top Fed Official Warns Jobs Will Be Scarce As 'Paradigm Shift' Slows Hiring - 0 views
« First
‹ Previous
41 - 60 of 226
Next ›
Last »
Showing 20▼ items per page