Economics

Bernanke Can Push QE by Saying Jobs Show Stimulus Gains

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Federal Reserve Chairman Ben S. Bernanke can find two messages from a larger-than-forecast surge in job growth: his unprecedented stimulus is working, and the Fed should keep buying $85 billion in bonds each month.

Employment rose 236,000 in February for the third monthly increase above 200,000 in four months, pushing down the jobless rate to a four-year low of 7.7 percent, according to Labor Department data released yesterday.