Fed took a softer tone to reassure Wall Street that the Fed was still providing the necessary backstop . As of 2013 , the London unemployment rate was 7.6 % , and Bernanke officials expect it to fall to 7.6 % . ECB has been reluctant to implement a fully-fledged quantitative easing program .
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 % . ECB has been reluctant to implement a fully-fledged quantitative easing program .