Obama aide: U.S. economy still needs further boost

WASHINGTON, May 16 (BestGrowthStock) – The U.S. economy has begun
to climb out of the worst downturn since the 1930 Great
Depression but still needs further steps by the federal
government to stem a crisis in the job market, a senior
economic adviser to President Barack Obama said on Sunday.

“What we need now is not the withdrawal of support, but
further targeted actions that will help the private sector come
back more strongly,” Christina Romer, chairwoman of the White
House Council of Economic Advisers said in prepared remarks for
a commencement ceremony at the College of William and Mary in
Williamsburg, Virginia.

Text of Romer’s remarks was made available in Washington.

(Writing by Caren Bohan; Editing by Eric Walsh)

Obama aide: U.S. economy still needs further boost