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Fed: Fixing job market could take years
Posted By -NO AUTHOR- On 02/11/2013 @ 1:56 pm In Money,U.S. | No Comments
(MONEY.CNN) — Healing the job market should take “center stage” on the Federal Reserve’s agenda, but that task could still take years, a high-ranking member of the central bank said Monday.
Janet Yellen, who as vice chairwoman of the Federal Reserve Board is number two in command to Ben Bernanke, believes that the central bank should continue to focus its policies on boosting the economy and the job market in particular.
“It will be a long road back to a healthy job market,” she said. “It will be years before many workers feel like they have regained the ground lost since 2007.”
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