QOTD – Bernanke on Jobs

Why the Fed’s mandate has anything whatsoever to do with job creation or employment is beyond my comprehension.  I’m starting to come around to the opinion that the Fed should be responsible for price stability only, leaving employment to congress and fiscal policy.

Anyway, Fed Chairman Ben Bernanke is now confident that we’re getting ready to get ready to see the potential for some possible improvement at some point possibly soon.  Maybe…

“The sense is that employers are becoming more willing to hire and I think we’ll start seeing some stronger payroll reports and some lower unemployment rates pretty soon.”

Oooohhh, “Pretty Soon!”  A complete joke.  I can’t even…

As I’ve said repeatedly, the jobs situation, like the housing prices situation, is fixed by only one thing: T.I.M.E.  Policy makers can help or hurt things in sparing amounts, but in reality, people will get work when they are needed again, period.  Good luck running for office with that line.



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