Economics
Bernanke Says Too Early for Victory on U.S. Recovery
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Federal Reserve Chairman Ben S. Bernanke said unemployment remains too high, the recovery in the U.S. economy isn’t assured and policy makers don’t rule out any further options to boost growth.
“It’s far too early to declare victory,” Bernanke said, according to a transcript of an interview with ABC News anchor Diane Sawyer provided by the network. “The recent news has been good. But I think we need to be cautious and make sure this is sustainable. And -- we haven’t quite yet got to the point where we can be completely confident that we’re on a track to full recovery.”