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Bernanke: Unemployment Will Be High for Years

Financial picture is 'unusually uncertain'

By John Johnson,  Newser Staff

Posted Jul 21, 2010 3:24 PM CDT

(Newser) – Ben Bernanke isn't exactly spreading good tidings in his semiannual report to Congress. Two of the lowlights, from the New York Times:

  • Unemployment: Expect it to remain high, as in well above 7%, through the end of President Obama's first term. Bernanke said it will
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