Federal Reserve Chairman Ben Bernanke spoke today at the National Association for Business Economics spring conference on the U.S. job market, saying it remains weak despite three months of strong hiring.Bernanke says there needs to be more robust consumer and business demand to continue the current rise in employment. Employers added an average of 245,000 jobs a month from December through February giving hope to a recovering economy. However, with Bernanke’s comments, it is still questionable whether there is enough growth to assume the economy has finally gotten past this recent recession.Bernanke’s comments also explains the Federal Reserve’s plan to hold short-term interest rates near zero through 2014.
