Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Bernanke-US jobs mkt may be weaker than jobs rate
Reuters, 01.14.04, 2:05 PM ET

Claims strong Euro a "help" to European exporters ! WTF???

GENEVA, Jan 14 (Reuters) - Federal Reserve Board governor Ben Bernanke said on Wednesday that the U.S. jobless rate may be understating the real weakness in the employment market in the world's biggest economy. "The (U.S.) labour market looks if anything weaker than the rate...would suggest," Bernanke said.
Speaking to a university meeting in Geneva, Bernanke also said that the view that rates would remain low for a considerable period of time was a conditional statement tied to the current conditions in the U.S. economy. He also said that the stronger euro was a help to exports from the euro zone, adding: "A synchronised global recovery would be a much more sustainable one than one that is led by the United States."