Bernanke:"- The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years.The latest economic forecasts released Wednesday after the Fed's final meeting of the year were little changed from September. But they coincided with a new communication strategy announced by the Fed that links future interest rate hikes with unemployment below 6.5 percent."Unemployment will fall no lower than 7.4 percent next year and 6.8 percent by the end of 2014, the Fed projects. The earliest the Fed sees unemployment dropping below 6.5 percent is the end of 2015.http://hosted.ap.org/dynamic/stories/U/US_FED_FORECAST?SITE=...----translation: until we get Obama and his hatred for private business out of office, until we get Obama and his faux class warfare 'tax the rich' out of office, the sooner we get someone who can actually lead, pass a budget each year, and live within that budget...the country is doomed to high unemployment and stagnant growth, with faux 'increasing' GDP numbers massaged to make them look good when they are actually miserable and barely creaking along. YOu'll note that Bernanke said things won't be better till late 2015. That's when Obama has to leave office and the dems are soundly defeated in the Nov 2015 election!4 more years of misery and lower standards of living and poverty for all!....FOrward! t
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