American - Public | December 13, 1953 -
Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.
Ben Bernanke
GrowthOilRealProductsReflecting
Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal - but not for a positive reason.
PositiveWorkPeopleLookingSearch
I don't think there are any students who should not be exposed to a basic financial literacy course.
ThinkFinancialStudentsLiteracy
Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.
WealthInequalityPolicyToolBlunt
Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
ScienceResearchBehaviorAcademic
Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
TimeManagementFinancialReal
Different countries have different kinds of financial structures.
FinancialKindsDifferentStructures
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
FinancialAmericanProblemWallDebt
The Fed's independence is critical.
IndependenceCriticalFed
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.
NegativeLaborSkillsEconomyMay
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
PriceImportantAchievingEmployment
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
GoodConfidenceWinHealthyWill
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