Bernanke: Jobless figures too high

AMERICAN unemployment is still too high despite an improving economy, Federal Reserve chairman Ben Bernanke told the US Congress yesterday, suggesting the central bank has no intention of cutting short a $600 billion (£373bn) bond-buying programme.

By The Newsroom

Published 8th Feb 2011, 21:14 BST

Updated 9th Feb 2011, 20:24 BST

Bernanke also said inflation remains "quite low" in the US, a tough message to deliver amid headlines of rising food and commodity costs.

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