Bernanke took a softer tone to reassure Wall Street that the Fed was still providing the necessary backstop . As of June , the U.S. unemployment rate was 7.6 % , and Fed officials expect it to fall to around 7.25 % . It was only the market that was giving it credibility by reacting ... The Fed's decision not to raise interest rates in September has been interpreted as an indication that they are likely to stay low for some time.
Bernanke took a softer tone to reassure Wall Street that the Fed was still providing the necessary backstop . As of June , the U.S. unemployment rate was 7.6 % , and Fed officials expect it to fall to around 7.25 % . The Fed's decision not to raise interest rates in September has been interpreted as an indication that they are likely to stay low for some time.