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)
Fed Decision Influenced by China and Volatility: FXPro
28:12 - China's economic slowdown and increased volatility in financial markets has an impact on the Federal Reserve's policy decisions, according to Simon Smith, chief economist at FXPro. He also discusses oil prices and European Central Bank policy with Anna Edwards and Guy Johnson on Bloomberg's "Countdown." (Source: Bloomberg)
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