KAKE - Money - Headlines

Reporter: Associated Press

Bernanke: U.S. Job Market Weak Despite Gains

Monday, March 26, 2012

Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve's existing policies will help boost growth.

Bernanke says further job gains will likely require more robust consumer and business demand.

Bernanke's comments were a strong indication that the central bank is prepared to keep its low-interest rate policies in place for some time to come despite the recent signs of economic growth.

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