Bernanke used a softer tone to reassure Wall Street that the Fed was still providing the necessary backstop . As of June , the nominal unemployment rate was 13 % , and Fed officials expect it to fall to around 10 % . `` Think before you speak '' must be high up on the job description for the modern central banker . ECB has been reluctant to implement a fully - fledged quantitative easing program .
Bernanke used a softer tone to reassure Wall Street that the Fed was still providing the necessary backstop . As of June , the nominal unemployment rate was 13 % , and Fed officials expect it to fall to around 10 % . ECB has been reluctant to implement a fully - fledged quantitative easing program .