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Volcker Says Jobless Rate To Remain Above 6% For Two Years

Wednesday, May 15, 2013 - 8:15 PM
Growth in the U.S. remains too sluggish to cut the jobless rate quickly, leaving it a “long way” from satisfactory levels, according to former Federal Reserve Chairman Paul Volcker. The unemployment rate may remain above 6 percent for at least another two years, Volcker said at a Brazilian-American Chamber of Commerce event in New York.

Volcker Says Jobless Rate to Remain Above 6% for Two Years - Bloomberg

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