Speaking at the International Monetary Conference in Atlanta, Bernanke said the fuzzy employment picture, including the growing ranks of the long-term unemployed, is still a big question mark for the U.S. economy. "Although it is moving in the right direction, the economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed," he said. "Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established"
NEW YORK (TheStreet) -- U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the country's job situation is "far from normal" and that accommodative monetary policies cannot be lifted yet.
|Federal Reserve Chairman Ben Bernanke|