The US Economy Recovers Slowly And Unemployment Remains High.

2010/7/30 18:57:00 84

Former vice chairman of the Federal Reserve

Roger W. Ferguson

In July 29th, the current recovery process in the US economy is very slow, and the unemployment rate in the United States will continue to be at a high level for some time.

Ferguson pointed out: "the current economic recovery is slow and unbalanced, so it will take some time to end the pain caused by the unemployment rate."

He also believes that for most Americans, financial security is the only chance of a lifetime of contact.

But the financial crisis of the past two years has made them realize that once the long-term financial stability is gone, their jobs and income guarantee are equally worrying.

Ferguson said that many American companies

Old-age pension

The investment plan replaces the retirement that employees deserve.

Financial guarantee

Capital, which makes the financial protection of retired workers in the United States lose a very important part, and these companies have made a lot of profit in the past 30 years.

He stressed that this is the critical time for us to discuss the issue of retirement financial security in the United States.

From 1999 to 2006, Ferguson served as vice chairman of the Federal Reserve. He is now the chief executive officer of TIAA-CREF, an American financial services provider and a member of the Obama administration's Economic Recovery Advisory Committee.