Unemployment Rate: Obama

Obama: "They're going to be making sure that they keep an eye on inflation, that they're not encouraging some of the bubbles that we've seen in our economy that have resulted in busts," Obama said in an interview on CNBC, according to Reuters. The president said the budget standoff that has led to a government shutdown has not hindered the selection process and WASHINGTON - President Barack Obama said on Wednesday the person he selects to head the Federal Reserve when Chairman Ben Bernanke's term ends in January will prevent asset bubbles from forming and try to bring down the unemployment rate. "But they're also going to stay focused on the fact that our unemployment rate is still too high." (www.immigrantscanada.com). As reported in the news.