jeff kearns from bloomberg news. given the projections today going out to 14, seeing unemployment almost where it is now for another two years, can you look past 2014 and can you -- now that we're five years past the top of the stock market, six years past the top of the housing market, can this go on for a decade? can this go on longer? can you reassure americans that it won't go on for a dozen years like the depression? >> well, it's our intention to do all we can to make sure it doesn't go on indefinitely. unemployment is still too high. but it has come down. it was about 10% at the peak and now it's closer to 8%. it's going down too slowly but it is going down. our sense is that people are finding jobs, but just not at the rate we would like to see and, you know, as i said, as the statement says, if we don't see continued improvement in labor market we'll be prepared to take additional steps if appropriate. >> ben from "the new york times." i'm looking at the projections you all released today that show that unem

jeff kearns of "bloomberg news."ay of unemployment almost where it is now for almost another two years, can you look past 2014 and now that we're five years past the top of the stock market, six years past the top of the housing market? can this go on for a decade, longer? can you reassure americans it won't go on for a dozen years like the depression? >> well, it is our intention to do all we can to make sure that it doesn't go on indefinitely. unemployment is still too high. but it has come down. it was about 10% at the peak an now it's closer to 8%. it's going down too slowly but it is going down. our sense is that people are finding jobs but just not at the rate that we would like to see and, you know, as i said, and as the statement says, if we don't see continued improvement in the labor market we're prepared to take additional steps if appropriate. >> "the new york times." i'm looking at the projections you all released showing unemployment between 8% and 8.2% at the end of the year. you told congress the defi