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US authorities confirm fiscal stimulus ideal

Ben Bernanke, the chairman of the Federal Reserve, has today issued a statement regarding economic strength in the US and the main reasons as to why he believes unemployment is so high. The economics sector appears to be split as to the reason why unemployment is so high with some suggesting it is purely and simply because of a weak economy while others believe that there is a shortage of required skills for the new business arena today.

The chairman of the Federal Reserve believes that it is simply a weakness in the worldwide economy which is causing an increase in unemployment and training programs are more than adequate to cover the ever-changing needs of the employment market. As a consequence, many believe that this statement is a precursor to the US authorities introducing a new fiscal stimulus program aimed at refloating and replenishing the US economy.

Slowly but surely the US authorities have been moving this way over the last few weeks amid signs that the US economy is headed for a significant reduction in productivity which needs to be addressed sooner rather than later. This could open the floodgates for other governments around the world to consider similar moves for their own local economies.

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