Bernanke: Cyclical Component of Unemployment Rate

July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke says about 2 percentage points of the unemployment rate is "cyclical" and related to weak demand in the economy. Bernanke speaks in response to a question from Spencer Bachus, an Alabama Republican, during his semiannual testimony before the House Financial Services Committee. (This is an excerpt. Source: Bloomberg)
Oliver: Vital for Greece to Find 'Sustainable Footing'
33:11 - Canadian Finance Minister Joe Oliver talks about the outlook for Greece's debt crisis and Canada's economy. He spoke Wednesday with Bloomberg's Hans Nichols on the sidelines of the Group of Seven meeting of finance ministers and central bankers in Dresden, Germany. (Source: Bloomberg)
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