Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Video: Inside This Week's Cover Story Video: Inside This Week's Cover Story Video: Inside This Week's Cover Story Video: Inside This Week's...

This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation



Video: Inside This Week's Cover Story

February 28, 2013

If Paul Volcker went to war for price stability, current Federal Reserve Board Chairman Ben Bernanke went to war for the Fed’s other legal mandate: maximum employment. This part of the bank’s mission is to foster the kind of economy that will put people to work—a tough job during and after the worst financial crisis since the Great Depression. The bank bailout, the auto rescue, the 2009 stimulus bill, and the Fed’s low interest rates may have averted a deeper recession, but the job market remains moribund. Today, 7.9 percent of Americans are still unemployed, and millions of others have simply stopped seeking work, meaning they’re not even counted in the jobless rate.

So Bernanke got creative.


In this week's National Journal cover story, Catherine Hollander and Caren Bohan discuss Ben Bernanke's role in job creation at the Fed. In the video above, go behind the story with the authors themselves.

Get us in your feed.
comments powered by Disqus