Ben Bernanke saw something over the weekend that made him address the National Association of Business Economists this morning.
It seems that long term unemployment has became a major problem suddenly….is this really what prompted Bernanke to speak????
The Fed meets that 25th of this month, and rumors are already flying about the mention of QE3 being brought up during this session…
Today may have been the first prepatory statement by the Bernanke on how he plans to accommodate the transitory state the financial system is currently in….hopefully everything falls in line with his dual mandate.
Read todays entire speech to the NABA here;