Summary
Paul Volcker, a top economic adviser to President Barack Obama, said he sees no short-term way to reduce high U.S. unemployment and expects slow growth for the next year or more.
Volcker's comments come after the U.S. Federal Reserve said last week it would purchase $600 billion in Treasurys in an effort to boost growth and create jobs, cutting unemployment that stands at 9.6 percent.See the full content of this document
Extract
Volcker Says No Quick Way to Cut Unemployment
"I have no answer to it...
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