Economics
Bernanke’s Next Easing May Not Do Much to Aid Jobless Americans
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Federal Reserve Chairman Ben S. Bernanke will probably try to spur economic growth this month by cutting near-record-low borrowing costs, economists said. His new stimulus may not aid the 14 million Americans without work.
Hiring stalled in August in the worst month for U.S. employment in almost a year, the Labor Department said yesterday. The unemployment rate remained stuck at 9.1 percent.